The real story behind "Green Jobs"

Posted by: Barthélemy Barbancourt

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Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies -- including a $737 million loan guarantee to a company known as SolarReserve:

SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a solar-thermal project in Nevada.

The 110-megawatt Crescent Dunes project, near Tonopah, Nevada, will use the sun’s heat to create steam that drives a turbine, the agency said today in a e-mailed statement. SolarReserve is based in Santa Monica, California.

On SolarReserve's website is a list of "investment partners," including the "PCG Clean Energy & Technology Fund (East) LLC." As blogger American Glob quickly discovered, PCG's number two is none other than "Ronald Pelosi, a San Francisco political insider and financial industry polymath who happens to be the brother-in-law of Nancy Pelosi, the Minority Leader of the United States House of Representatives."

And for good measure, it's also noteworthy that Obama is about to hold a big money fundraiser at the home of Tom Carnahan in St. Louis:

Carnahan, a member of the prominent Missouri Democratic family, has been tapped by the Obama campaign as its chief Missouri fundraiser. He is chairman of the board of Wind Capital Group, a wind energy company that makes it corporate headquarters in St. Louis. He formerly was president and CEO of the company.

Last year, Wind Capital's Lost Creek Farm facility in northwest Missouri received a $107 million tax credit from the Treasury Department, among many such wind operations receiving support from from stimulus funds.

Tom Carnahan is the son of former Missouri governor Mel Carnahan and former U.S. senator Jean Carnahan. He's also the brother of current Missouri secretary of state, Robin Carnahan.

The Obama administration is using "green jobs" as a cover to funnel millions to Democrats. This is the Chicago way!

Comments (4)add comment
written by Nobody , September 29, 2011

Do some research on Spain.The socialists got elected on "green jobs" and ran off most businesses. The joint is a basket case. This is just Chicago style green.

I stand
written by Nobody , September 30, 2011

With Walter Williams, "The 'green movement' is a watermellon, green on th outside, red on the inside".

Barthélemy Barbancourt
The whole enviro moment is red
written by Barthélemy Barbancourt , October 01, 2011

They have morphed from well meaning scientists to anti-business, anti-growth, anti-American activists.

A recent article noted that the whole movement needs to be rebooted. Hopefully we get a Republican House, Senate and White House in 2012 and they will tell the green (red) movement to go fuck themselves.

One of
written by Nobody , October 03, 2011

My clients is a high end stainless steel foundry. They left Spain and relocated in Alabama. Now the US EPA is on them, (a foundry is a nasty business, environmently)they told me they're thinking Cuba to relocate.

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