The company spent $2.8 million more lobbying his administration and Congress, records show - an effort that included high-level meetings with top administration officials First Solar became perhaps the biggest beneficiary of an estimated $1 trillion in environmental spending enacted under the Inflation Reduction Act, a major piece of legislation Biden signed into law in 2022 after it cleared Congress solely with Democratic votes.
First Solar's stock price has doubled and its profits have soared thanks to new federal subsidies that could be worth as much as $10 billion over a decade.
First Solar's top lobbyist, Samantha Sloan, offered a revealing glimpse of the company's reach after a bill signing celebration.
One of the more intimate gatherings was attended by Podesta, Widmar and Sloan, as well as First Solar's contract lobbyist, Claudia James, an old friend of Podesta's who worked for decades at a lobbying firm run by Podesta's brother, Tony, records show.
So what is First Solar doing to save the planet? The answer will be depressingly familiar to anyone who understands how 'green energy' subsidies actually work.
Last December, First Solar agreed to sell roughly $650 million of these credits to a tech company - providing a massive influx of cash, courtesy of the U.S. government.
The planet is saved now that the Inflation Increase Act created yet more fake green virtual token to be resold in an open market so that companies have to bribe politically connected companies to be able to do business.
https://www.frontpagemag.com/a-solar-corp-gave-biden-1-5m-it-got-10b/
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