Coston's Complaint: Democratic Party's Green Energy Slush Fund

Thursday, September 29, 2011

Democratic Party's Green Energy Slush Fund

Is it any wonder that green energy is all the rage in Democratic Party circles? Anybody who is somebody is in on the scam. Solar energy companies are cleaning up on guaranteed loans issued by the Department of Energy, if they are politically connected. How so do you ask? Well, here is an excerpt from the Weekly Standard:

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 if you’re from Missouri, I’ve got something to show you:

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

Those Carnahans sure are a busy family; busy screwing over the taxpayers.

I wonder if the convenient store 7/11 can come up with a new Slurpee in honor of the Democratic Party’s new slush fund. I can envision something green and somewhat energetic.