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Pope Catholic; Obama energy official profits from AGW

Posted By admin On April 28, 2010 @ 3:04 am In World News | Comments Disabled

James Delingpole
London Telegraph [1]
April 28, 2010

Hey guess what – who’da thunk it? – one of President Obama’s energy advisers is on course to make millions from shares in green companies which may benefit from green policies that she has helped formulate.

Chris Horner has the scoop at Pajamas Media: [2]

Surprising documents [3] made available to this author reveal that Assistant Secretary of Energy Cathy Zoi has a huge financial stake in companies likely to profit from the Obama administration’s “green” policies.

Zoi, who left her position as CEO of the Alliance for Climate Protection — founded by Al Gore — to serve as assistant secretary for energy efficiency and renewable energy, now manages billions in “green jobs” funding. But the disclosure documents show that Zoi not only is in a position to affect the fortunes of her previous employer, ex-Vice President Al Gore, but that she herself has large holdings in two firms that could directly profit from policies proposed by the Department of Energy.

Among Zoi’s holdings are shares in Serious Materials, Inc., the previously sleepy, now bustling, friend of the Obama White House [4] whose public policy operation is headed by her husband. Between them, Zoi and her husband hold 120,000 shares in Serious Materials, as well as stock options. Reporter John Stossel has already explored what he sees as the “crony capitalism [5]” implied by Zoi being so able to influence the fortunes of a company to which she is so closely associated.

In addition, the disclosure forms reflect that Zoi holds between $250,000 and $500,000 in “founders shares” in Landis+Gyr, a Swiss “smart meter” firm. She also still owns between $15,000 and $50,000 in ordinary shares.

“Smart meters,” put simply, are electric meters that return information about customer power usage to the power company immediately and allow a power company to control the amount of power a customer can consume. These smart meters are a central component of the Obama administration’s plans to reduce electricity consumption as part of the “smart grid.”

Full article here [1]

Pope Catholic; Obama energy official profits from AGW 150410banner1 [6]


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URLs in this post:

[1] London Telegraph: http://blogs.telegraph.co.uk/news/jamesdelingpole/100036561/pope-catholic-obama-energy-official-profits-from-agw/

[2] Chris Horner has the scoop at Pajamas Media:: http://pajamasmedia.com/blog/more-global-warming-profiteering-by-obama-energy-official/

[3] documents: http://pajamasmedia.com/files/2010/04/ScanZOI.pdf

[4] friend of the Obama White House: http://spectator.org/blog/2010/01/14/conflict-of-interest-for-obama

[5] crony capitalism: http://www.businessandmedia.org/articles/2010/20100115161050.aspx

[6] Image: http://infowars-shop.stores.yahoo.net/inemnewwoord.html

[7] Obama Energy Czar To Decide What Household Appliances Americans Are Allowed To Own: http://www.prisonplanet.com/obama-energy-czar-to-decide-what-household-appliances-americans-are-allowed-to-own.html

[8] Biden tells Obama that 40 million U.S. homes will have smart meters by 2015: http://www.prisonplanet.com/biden-tells-obama-that-40-million-u-s-homes-will-have-smart-meters-by-2015.html

[9] Pope Catholic; night follows day; IPCC found telling pack of lies about sea level rises: http://www.prisonplanet.com/pope-catholic-night-follows-day-ipcc-found-telling-pack-of-lies-about-sea-level-rises.html

[10] Obama Invests $5 Million In Bullshit Energy: http://www.prisonplanet.com/obama-invests-5-million-in-bullshit-energy.html

[11] Plans for homes to have “smart meters”: http://www.prisonplanet.com/plans-for-homes-to-have-smart-meters.html

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