Friday, May 25, 2012

Lou Dobbs "Shocks" Bill O'Reilly on the Severity of Obama DOE Crony Capitalism

Just a couple of days ago (May 23, 2012), on Bill O'Reilly's Impact Segment –– [President Obama] Rewarding Big Donors ––
O'Reilly opened with "a disturbing situation about government loans and grants going to people who donate money to President Obama's political campaign," giving three examples, Solyndra, Abound Solar, and an Air Force contract. 

Shortly thereafter, Lou Dobbs appeared to "sort it all out," and  O'Reilly asked a key question –– "does everybody do it?" "Do all the presidents do it?"

Dobbs' answer –– "At the margin, most administrations have taken care of their friends...But I have gone back and tried to find anything that rises to the level of what this administration is doing with its officials –– tying grants, contracts to those who are involved in bundling...I can't find anything that comes close."

Later after O'Reilly noted the left-wing media's failure to report on this scandal, Dobbs shocked O'Reilly with this statement, "Two-thirds of the money in these loan guarantees [are] going to companies that have direct association with the Obama administration and its fundraising."

O'Reilly's response, "That's outrageous!"

Yet, as outrageous as Dobbs' figure is, it is more than 67%. Just out of the Department of Energy's 1705 DOE Loan Program, of which in excess of $16 billion was doled out, 85% was funneled to Obama and Democrat "cronies." And, my three years of research proves a more alarming state of affairs than "disturbing and outrageous" –– corrupt and potentially criminal!

For starters, I analyzed the report released in March of this year by the Committee on Oversight and Government Reform where it "painted a startling picture of mismanagement at the Department of Energy." What I uncovered and reported on (Green Corruption: Department of Energy “Junk Loans” and Cronyism –– Intro) from that House Investigation was the fact that over 85% of the 27, including the 23 “Junk grade” DOE loans, which came under fire in the March 20, 2012 Oversight Hearing, have "meaningful" political connections to President Obama and the Democratic Party.

Political buddies indeed –– 21 energy firms are behind the 27 projects found in the House Oversight investigation, and 18 of them are politically connected to President Obama (15 alone) and the Democratic Party, that’s over 85%! 13 were bundlers, donors, and supporters for Obama's 2008 campaign, and two are members of the president's Job Council, while three are allied to Senator Harry Reid –– all with ample other Democrat links in the mix.

Furthermore, Peter Schweizer’s New York Times bestseller, Throw Them All Out –– released last November and featured on 60 Minutes, exposing the "permanent political class" and the insidious practice of "Congressional insider trading" perpetrated from both sides of the political isle –– devotes an entire chapter to alternative-energy, "Spreading the Wealth... to Billionaires!"

That's right –– millionaires and billionaires got their fare share of green funds! Interesting enough, Schweizer's book divulged over half of the energy firms listed in the Houses Oversight's investigation, and what's astounding is that once again, the majority, 80% of the DOE loans, grants and special tax credits, reviewed by Schweizer, “went to companies with Obama-campaign connections or large donors to the Democratic Party," and that was as of September 2011!

Besides 85% of the DOE "Junk loans" going to Obama and Democrat cronies, and what Schweizer revealed, there is much, much more...


If you follow the "green" money, with over $80 billion earmarked for renewable energy just from The American Recovery and Reinvestment Act of 2009 and more being dished out from other government programs, and connect the dots, you will find that the majority of winners are directly connected to the White House and/or the Democrat Party campaign backers. Even the "Stimulus Authors" as well as the Department of Energy Officials and Advisors –– the ones picking the winners and losers –– have raked in big green bucks and/or are connected to companies that have.

  • At least six groups and individuals that helped "craft" the energy sector of the 2009 stimulus (Obama’s Green Stimulus Authors)
  • At least twelve, with more on my radar, from Obama's Green Team, DOE Officials and DOE Advisors, as well as a few other White House Officials
  • At least ten from Obama's 2008 Finance Committee 
  • 2008 Obama Bundlers, Top Donors, and Supporters –– full figure not yet calculated, but there are plenty. 
  • At least five members of Obama's Job Council (four of which are confirmed 2008 Obama donors and supporters) –– a council, by the way that is  Stacked With Democratic Donors.
  • Wall Street, Big Energy and Big Oil, Big Business are in the mix –– Top 2008 Obama Donors like Goldman Sachs, Google, Citigroup, General  Electric, Morgan Stanley, Lehman Brothers, Bank of America/Merrill Lynch, BP, and Excelon Corp, and more. 
  • Big Green Venture Capitalists that are also 2008 Obama Bundlers and campaigners like Al Gore and John Doerr of Kleiner Perkins, Steve Westly and The Westly Group, VantagePoint Ventures, James A. Johnson and Perseus, and more.
  • And plenty of Democrat Allies in the mix  
"Winning the Future, American Energy" is more like political payback, winning taxpayer money for Obama and Democrat "green buddies," making them more wealthy. And, this is just a bullet point summary of what is going on, with much more explosive Intel in the works

Obviously the mainstream media will not cover this and Fox News doesn't seem to understand the size or the gravity of this scandal, other than Sean Hannity and quite a few online political forums.  
Makes ya wonder where the heck O'Reilly has been the past six months, and realize that Solyndra is only the tip of the iceberg!

Please help me expose this entire this "clean-energy dirt," I can't do this alone (see donation button too) –– Obama's Green Corruption, on of the biggest scandals of his presidency, and is guaranteed to rock the 2012 elections, if we get it out in time...

Until next time, 
Your Citizen Watchdog on the "green front,"

Tuesday, May 22, 2012

BREAKING: NRG Energy on the DOE Cronyism Hot Seat, Also Tied to George Soros

I have been "following the green-energy money" (close to $100 billion dollars) since the passing of the 2009 stimulus package...And, early this morning –– a subscriber of The Washington Free Beacon, one of the few that has their eye on Green Cronyism –– I found this headline, Bundler of Sunshine: Obama Bundler's Husband Has Received More Than a Billion in DOE Solar Loans.

Yep, NRG snagged two major DOE loans that by the way, were on the "Junk bond" portfolio that I had written about last month –– NRG with two green projects: 
  • NRG Solar, LLC (Agua Caliente) –– Rating BB+ by Fitch; Aug 2011 for $967 million
  • NRG Energy (California Valley Solar Ranch) –– Rating BB+ by Fitch; Sept 2011 over $1.2 billion  
NOTES on the Agua Caliente Project: 
And, as revealed by The Washington Free Beacon, "the multiple DOE loans did not stop NRG Energy from reporting a first-quarter 2012 loss of $206 million." "Even so, NRG has recently expanded its operations..."

However, NRG has many, or are connected to green projects that are being funded by taxpayer green cash. 
  • NRG Energy is part of a project dubbed Project Amp, which in September 2011 received a partial DOE loan guarantee for a whopping $1.4 billion. As reported by Forbes last June, Project Amp will be built over four years and financed by Bank of America Merrill Lynch and owned by industrial real estate firm Prologis. NRG Energy will invest in the first 15-megawatt phase of the rollout with an option on the remaining phases. Also, Project Amp’s application was submitted by the lender-applicant, Bank of America Merrill Lynch, under the Financial Institution Partnership Program (FIPP).  Keep in mind that Project Amp was also on the "DOE junk bond portfolio" with a BB rating by Fitch in Sept 2011.
  • "NRG Energy is building an engineering marvel... The project (set between LA and San Francisco) is a compound of nearly a million solar panels that will produce enough electricity to power about 100,000 homes," whereas "taxpayers and ratepayers are providing subsidies worth almost as much as the entire $1.6 billion cost of the project.
  • In fact, according to The Boston Globe November 2011 piece, Clean energy projects powered by massive subsidies –– "NRG, along with partners, ultimately secured $5.2 billion in federal loan guarantees plus hundreds of millions in other subsidies for four large solar projects."  
  • Also, according the Green Street Journal in October 2010, "NRG Energy, Inc. (NYSE: NRG), through its wholly owned subsidiary, NRG Solar, executed a letter of intent to partner with BrightSource Energy to construct, finance, own and operate the largest solar thermal project in the world, the 392-megawatt (MW) Ivanpah Solar Electric Generating System in southeastern California’s Mojave Desert. NRG Solar plans to become the lead investor in Ivanpah, investing up to $300 million over the next three years." This is the same project that belongs to BrightSource Energy –– complete with a long list of meaningful political ties that I exposed just last week in another BREAKING story –– was also on the "DOE Junk bond portfolio" (BrightSource Energy, Inc with three projects; two Rating BB+ by Fitch and the other Rating BB by Fitch; Apr 2011) that snagged a whopping $1.6 billion taxpayer funded "bailout," and is also expected to receive Treasury grants once the project is complete.
With over eleven projects listed at NRG Solar alone, and NRG Energy with over 50 "Generation Assets" across the nation that not only include solar, but also natural gas, wind, coal, nuclear, and oil,  the full count of government subsidies that have gone to NRG Energy are probably still unclear. As a Citizen Watchdog, this is what I have uncovered at this time, however, the political connections are damaging to the Obama administration. 

While Patrick Howley notes the following meaningful political connections: Arie Few –– 2012 Obama Bundler, and her husband Jason Few, Executive Vice President and Chief Customer Officer of NRG Energy and President of Reliant as well as Warren Buffet's (an Obama buddy) stake in NRG Energy, he missed the other BIG GREEN FISH in this green-energy scheme, George Soros...

Soros –– a 2008 Obama Donor through Soros Fund Management was #15 on the Obama's Top 20 Contributors to Obama's Campaign Cmte and Leadership PAC. Most damning is the fact that Soros is connected to many companies that benefited from the 2009 Stimulus package that HE helped craft, including alternative energy. The big green winners that I tracked are American Electric Power AEP (Soros bought 1.5 million shares) and NRG Energy (Soros bought 500,000 shares of NRG Energy)

According to Wynton Hall in an interview over at Stephen K. Bannon's Victory Sessions  a while back...
Billionaire George Soros gave advice and direction on how President Obama should allocate so-called “stimulus” money in a series of regular private meetings and consultations with White House senior advisers even as Soros was making investments in areas affected by the stimulus program.

It’s just one more revelation featured in the blockbuster new book that continues to rock Washington,Throw Them All Out, authored by Breitbart News editor Peter Schweizer.

Mr. Soros met with Mr. Obama’s top economist on February 25, 2009 and twice more with senior officials in the Old Executive Office Building on March 24th and 25th as the stimulus plan was being crafted.  Later, Mr. Soros also participated in discussions on financial reform.

Then, in the first quarter of 2009, Mr. Soros went on a stock buying spree in companies that ultimately benefited from the federal stimulus.
  • Soros doubled his holdings in medical manufacturer Hologic, a company that benefited from stimulus spending on medical systems
  • Soros tripled his holdings in fiber channel and software maker Emulus, a company that wound up scoring a large amount of federal funds going to infrastructure spending
  • Soros bought 210,000 shares in Cisco Systems, which came up big in the stimulus lottery
  • Soros also bought Extreme Networks, which, months later, said it was expanding broadband to rural America “as part of President Obama’s broadband strategy”
  • Soros bought 1.5 million shares in American Electric Power, a company Mr. Obama gave $1 billion to in June 2009
  • Soros bought shares in utility company Ameren, which bagged a $540 million Department of Energy loan
  • Soros bought 250,000 shares of Public Service Enterprise Group, 500,000 shares of NRG Energy, and almost a million shares of Entergy—all companies that  came up winners in the Department of Energy taxpayer giveaway that produced the Solyndra debacle
  • Soros bought into BioFuel Energy, a company that benefitted when the EPA announced a regulation on ethanol
  • Soros bought Powerspan in April 2009.  Just weeks later, the clean-energy company landed $100 million from the Department of Energy
  • In the second quarter of 2009, Soros bought education technology giant Blackboard, which became a big recipient of education stimulus money
  • Soros also bought Burlington Northern Santa Fe and CSX, both beneficiaries of Mr. Obama’s plans for revitalizing the railroads
  • Soros bought Cognizant Technology Solutions, which scored stimulus funds in education and health care technology
  • Soros also bought 300,000 shares of Constellation Energy Group and 4.6 million shares of Covanta, both of which landed taxpayers’ money through the stimulus, the former of which bagged $200 million
Also, Soros (and Warren Buffet) stand to benefit from “rejection of the Keystone Pipeline” as well as the Nat Gas Act. Plus, "President Obama recently (to expedite this natural gas boom)  decided to form an interagency natural gas council run by Cecilia Muñoz, a former community organizer with La Raza and White House bureaucrat with deep ties to George Soros."

It should be noted that Bank of America/Merrill Lynch were both on the Top 2008 Obama Donors list –– and besides the San Francisco-based ProLogis project that got a $1.4 billion DOE loan guarantee, of which Bank of America Merrill Lynch and NRG Energy, were announced as investors, we do know that Big Banks have invested in "green!" 

In fact, Bank of America/Merrill Lynch is heavily invested in "green" (BAML Renewable Energy Finance) and through their Renewable Energy Finance  section, we can confirm NextEra Energy is part of their "wind energy assets" -- Deals and Transactions. NextEra Energy, of which the CEO Lewis Hay sits on Obama's Job Council, was a huge DOE winner of two large solar loans: $852 million and $1.46 billion, both of these projects were also on the "DOE Junk bond portfolio." 

There are more BofA/Merrill Lynch green investments, one in particular,"A $1 billion plan to put solar panels on 160,000 U.S. military-base homes was collapsing in September after a $344 million U.S. Department of Energy loan guarantee fell through. Bank of America Corp. (BAC) stepped up to finance the effort headed by SolarCity Corp"–– the same Green Corporation, complete with meaningful political ties like Google, who back in June 2011 invested, a Top 2008 Obama Donor. However, in the wake of the Solyndra Saga, the DOE loan was "rejected" / "rescinded" At any rate, that was as of September 2011 –– after all billions of dollars in "green subsidies" have been rapidly doled out by various government agencies, the majority going to Obama and Democrat Cronies!

  1. My three years of Green Corruption research
  2. Schweizer's Throw Them All Out book 
  3. The Washington Free Beacon and others linked here
  4. Open Secrets "2008 Obama donations" ––– Top 20 Contributors to Barack Obama 2008 Election Cycle 
  5. Open Secrets: Barack Obama: Top 100 Contributors to Campaign Cmte

Stay tuned, this Green Corruption scandal is huge, and I'm just getting started...
Your Citizen Watchdog on the "green front"

Wednesday, May 16, 2012

BREAKING: BrightSource Energy Political Influence and Their $1.6 Billion DOE Loan

Business Report: President Obama Personally Involved in ‘Green’ Energy Company’s $1.6B Loan Guarantee Application  
Posted on May 16, 2012

UPDATED: May 20, 2012 

President Obama personally discussed the details of BrightSource Energy’s federal loan guarantee with a company stakeholder and it appears the conversation “expedited the process,” the Washington Examiner’s Joel Gehrke reports.
According to the Washington Examiner article...
The connection between the White House and BrightSource Energy, Inc., -- which received a $1.6 billion loan guarantee -- emerged during a House Oversight and Government Reform Subcommittee hearing this morning, based on emails that show BrightSource asking the White House for help in receiving a loan from DOE.

John Woolard, CEO of BrightSource, told the DOE of Obama's involvement in January 2010 when he was pushing for a conditional commitment.
"Darbee at PG & E talked directly to Obama about the program's challenges and the bad situation it puts him in," Woolard emailed to Matt Rogers, who was then Senior Advisor to the Secretary of Energy for the Recovery Act and played a significant role in disbursing funds to renewable energy companies.

Woolard explained today that "Darbee" refers to Peter Darbee, then-CEO and chairman of Pacific Gas and Electric. "They had a vested interest in getting this thing approved because you were providing them their required commitment for green power," Rep. Jim Jordan, R-Ohio, observed to Woolard. "One month after this email you got the conditional approval."
Jordan then read from another email between Woolard and Jonathan Silver, executive director of the DOE loan program, sent after BrightSource received a conditional commitment but while they still sought a final commitment.

In that email, Woolard asked Silver to proofread a drafted email that the BrightSource chairman, John Bryson -- now President Obama's Commerce Secretary -- intended to send to White House Chief of Staff Bill Daley.

The letter Silver proofread requested direct White House influence in BrightSource's loan guarantee application. "We need a commitment from the WH to quarterback loan closure between OMB and DOE," reads Bryson's draft message to Daley. It also includes a request for "guidance and support from the White House."
If that's not enough to make your head spin, let's take a look at more interesting details...

BrightSource Background:

BrightSouce Energy received $1.6 billion loan, yet it was on the DOE "junk bond" list that I had reported on last month. Also, due to their debt issues, they badly needed the cash, and were actually considered (by many) as a bailout.

WOW, BrightSource is politically connected...

BrigtSource Investors include many TOP 2008 Obama Donors –– 
  • VantagePoint Partners – the major stake holder in BrightSource –– Robert F. Kennedy Jr. is a partner and Senior Adviser and Sanjay Wagle was a principle. Meanwhile, Wagle was a DOE adviser at the time the loan was approved. 
  • Google Inc. –– #5 Top Obama Donor for $814,540
  • Morgan Stanley –– #19 Top Obama Donor for $512,232
  • BP Alternative Energy, a Top Obama Contributor, is also an investor. According to Politico in 2010, "During his [Obama's] time in the Senate and while running for president, Obama received a total of $77,051 from the oil giant and is the top recipient of BP PAC and individual money over the past 20 years, according to financial disclosure records." 
  • Also on that list of BrightSource investors are Chevron, Black River, Alstom, Draper Fisher Jurvetson, StatoilHydro Venture, CalsTRS, and Riverwood. 
  • BrightSource Chairman John Byrson –– the co-founder of the left-wing Apollo Alliance group that helped craft the stimulus became Obama’s Secretary of Commerce. 

Source for "2008 Obama donations" ––– Open Secrets
Top 20 Contributors to Barack Obama 2008 Election Cycle 


There is more... 

According to recent revelations by The Washington Free Beacon

  • Brightsource Energy, which received [that] $1.6 billion loan guarantee from the Energy Department and is also expected to receive Treasury grants once the project is complete, has donated since 2008 at least $21,600 to Democrats and zero dollars to Republicans.
  • Senator Harry Reid received almost $4,000 from Brightsource executives in the 2010 cycle, including $2,400 from [the guy from the hearing] CEO John Woolard, who hosted a fundraiser for the majority leader.
  • Woolard is also a Barack Obama donor and has visited the White House 10 times since Obama took office.


And now we know through emails and House Oversight hearings that BrightSource Energy used their "political influence" (even the President of the United States) to snag that $1.6 billion DOE loan. This is more evidence that cronyism and corruption are the driving forces behind the Obama Green Energy agenda!

Furthermore, BrightSource Energy is part of the "Special Solar Seven”  –– Abengoa Solar, First Solar, Nevada Geothermal Power, Ormat Nevada, SolarReserve, BrightSource Energy, and NextEra Energy Resources (Genesis Solar project) –– that in March 2009 "received fast-tracked approval by the Department of Interior (DOI) to lease federal lands in a no-bid process," a recent story tracked by The Washington Free Beacon. All seven carry Obama and Democratic political ties, three alone to Senator Harry Reid. And, BrightSource Energy is having environmental issues –– they "are party to turtle killing"...

Others relevant to this case are:
Matt Rogers, former Senior Adviser to Energy Secretary Steven Chu, oversaw the disbursement of tens of billions of dollars in stimulus funds for renewable energy projects.  Rogers is all over this green-energy-scheme, and we can confirm that Rogers and Kristina Johnson “advised” Secretary Chu on implementing the massive energy programs in the 2009 stimulus law –– I think the $36 billion. Also, Rogers came from McKinsey & Co. (a Top 2008 Obama Donor)  and returned after left the DOE in September 2010 –– he’s a Director in McKinsey & Company's San Francisco Office. 

Jonathan Silver, former DOE Loan Adviser: According to WSJ Barron’s Magazine (July 10, 2010) , Silver had been a managing partner at Core Capital Partners in Washington. Coincidentally, one of his colleagues there was Tom Wheeler, another Obama-Biden fund bundler. Silver was supposed to help Chu accelerate loan reviews. Silver resigned from the DOE this year, amidst the Solyndra Scandal.
Sanjay Wagle, Renewable Energy Grant Adviser in the Office of the Secretary of the U.S. Department of Energy (DOE), helping to oversee implementation of DOE’s $36.7 billion of American Recovery and Reinvestment Act programs.  Wagle was a venture capitalist and Obama fundraiser in 2008, rallying support through a group he headed known as Clean Tech for Obama. Shortly after Obama’s election, he left his California firm to join the Energy Department, just as the administration embarked on a massive program to stimulate the economy with federal investments in clean-technology firms. During the next three years, the department provided $2.4 billion in public funding to clean-energy companies in which Wagle’s former firm, Vantage Point Venture Partners, had invested.   VantagePoint "green portfolio" had cashed in big time, and this is what just a regular citizen could find...
  • BrightSource Energy –– $1.6 billion DOE loan
  • Serious Energy (was Serious Materials) –– 2009 and 2010, Special White House attention as well as a special $548, 100 tax credit.
  • Solazyme –– $21.7 million grant
  • Telsa Motors (Westly is an Obama 2008 and 2012 Bundler) –– $465 million DOE ATVM loan
  • Two that are also on the Kleiner Perkins (Al Gore and John Doerr are partners) cleantech portfolio: Mascoma ($170 million under the Bush administration and in 2006 they snagged $49.5 million from the state of Michigan; in 2011, under the President Obama, their $350 million project in Michigan is being funded by the DOE and the state of Michigan)  and MiaSole  (January 2010, $101.8 million Advanced Energy Manufacturing tax credit)
  • 1366 Technologies, a General Electric project that was also listed on the "DOE junk bond portfolio," which received a $150 DOE million loan.

Peter Darbee, then-CEO and chairman of Pacific Gas and Electric is one thing, but PG&E has many interesting connections. According the The Washington Free Beacon March 14, 2012 shocking piece –– Pacific Gas & Cronyism: Politically connected utility plays corporate bully, makes bank on green energy –– you'll discover...



  • At least two former PG&E officials currently hold senior positions in Gov. Brown’s administration. Former director of public affairs Dana Williamson was recently hired as a senior adviser, who will oversee the administration’s lobbying efforts in Washington, D.C.
  • Last year, Brown appointed Nancy McFadden, PG&E’s former senior vice president of public affairs, to the position of Executive Secretary for Legislation, Appointments and Policy. McFadden had previously served as general counsel to the U.S. Department of Transportation and was deputy chief of staff to former vice president and green energy investor Al Gore.
  • McFadden is also a former member of the Apollo Alliance, an influential conglomerate of labor groups and green energy proponents that boasts connections to Van Jones, the former White House green jobs czar who resigned under a cloud of controversy, and John Podesta, former president of the liberal think tank Center for American Progress and co-chairman of the Obama-Biden transition team. PG&E has donated at least $75,000 to the Apollo Alliance since 2008.
  • Perhaps the most controversial former PG&E employee to hold an influential government post is Cathy Zoi. A former energy analyst for the company, Zoi served as chief of staff for environmental policy under President Clinton and was CEO of Gore’s Alliance for Climate Protection, and was until recently President Obama’s Assistant Secretary for Energy Efficiency and Renewable Energy (EERE). Part of her responsibilities included overseeing almost $17 billion in federal stimulus funding for renewable energy projects.

Cathy Zoi, former Assistant Secretary for Energy Efficiency and Renewable Energy (EERE) at the U.S. Department of Energy, is also directly connected to Serious Materials and Landis + Gyr  –– the former got a special "green tax credit" (listed above), while the latter soared as a result of the 2009 stimulus.

Also, Cathy Zoi served as the CEO of Al Gore's Alliance for Climate Protection until she was appointed at the EERE, which positioned her to “manage the U.S. Department of Energy's $2.3 billion applied science, research, development, and deployment portfolio.” Moreover, Ms. Zoi “oversaw EERE's $16.8 billion in funding under the American Recovery and Reinvestment Act.”

Later in 201, Zoi replaced Kristina Johnson as the Acting Under Secretary  –– Johnson, another DOE official connected to an energy company that got stimulus money. However, Zoi left the DOE in 2011 to join forces in "a new cleantech private equity fund sponsored by George Soros and a prominent Silicon Valley venture capital firm." "The new fund is called Silver Lake Kraftwerk (“SLKW”) [and is led] by Adam Grosser, who spent a decade as general partner at Foundation Capital, where he worked on major cleantech investments like Silver Spring Networks and Enernoc."  

I have more on PG&E, Cathy Zoi, Kristina Johnson, other DOE Officials and Advisers, as well as The Apollo Alliance, Van Jones, John Podesta, Google, Doerr, Gore, Westly, and so on –– stay tuned, the entire Green Corruption Scandal coming soon...

May 16 - 17th 2012 coverage on this story can be found here...

Your Citizen Watchdog,