Becket Adams
The Blaze
9/29/2011
Via Mark Hemingway of The Weekly Standard, it has been revealed that the Department of Energy went ahead and 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,” reportsBloomberg.”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, and Hemingway points out, 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.”
One of SolarReserve’s other investment partners is Argonaut Private Equity.
“Steve Mitchell and Argonaut Private Equity might have a chance to recoup some of their losses in the Solyndra debacle now that the Department of Energy has given a $737 million dollar loan guarantee to a company backed by Argonaut that also lists Mitchell among its board of directors,” reports Joel Gehrke of The Washington Examiner
How would Mitchell be able to “recoup some of the losses” suffered in the Solyndra debacle?…
The article continues at The Blaze.
Related: EPA IG Finds Serious Flaws in Centerpiece of Obama Global Warming Agenda
Senator James Inhofe (R-Okla.), Ranking Member of the Senate Committee on Environment and Public Works, today announced that a new government report from the Office of Inspector General (OIG) of the Environmental Protection Agency (EPA) reveals that the scientific assessment underpinning the Obama EPA’s endangerment finding for greenhouse gasses was inadequate and in violation of the Agency’s own peer review procedures.
The IG report released today, “Procedural Review of EPA’s Greenhouse Gases Endangerment Finding Data Quality Processes,” was requested by Senator Inhofe in an April 7, 2010 letter to the EPA IG. Senator Inhofe asked that the OIG conduct an investigation into whether EPA followed the Data Quality Act and its own peer review procedures—which are designed to ensure that EPA makes decisions according to the best possible science—when it issued its finding that greenhouse gases harm public health and welfare, otherwise known as the endangerment finding. The EPA OIG Report finds that EPA failed in this respect…
H/T GTF and Morry
