(Tea Party 247) – If you’re curious as to how much money the Democrats envision receiving for themselves as part of the Green New Deal scheme, just take a look at how the Green Movement has fattened up the pockets of the Democratic Party, including Nancy Pelosi.
Apparently her brother-in-law, part of the Crescent Dunes project in Nevada to finance a 110-megawatt desert solar power plant, received a whopping $737 million as a “loan guarantee.”
Here’s more from DC Clothesline:
Nancy Pelosi’s brother-in-law was previously an “Executive Director”, and at the time the loan was completed, Ron Pelosi was an “Independent Director” of a parent company who held a minority share of the company that was a primary beneficiary of that money landing a $737 million loan guarantee from the Department of Energy for Crescent Dunes.
Funny that as Democrats scream that Saudi’s renting out an entire floor of a Trump hotel is an untenable emolument. But I digress.
Despite knowledge that Solyndra was tanking then-Minority Leader Pelosi’s brother-in-law, second in command at the energy investment firm backing the project, somehow secured government funding for the SolarReserve project.
PCG Clean Energy & Technology Fund (East) LLC, listed as one of the investors in the project was given the staggering loan, which even dwarfs that given to failed company Solyndra. PCG Clean Energy & Technology Fund was reportedly a 2% owner of Tonopah.
The project was expected to generate enough electricity to power 43,000 homes. That’s it.
Obama’s Energy Secretary Steven Chu announced the loan just two days after the doomed $535 million Solyndra disaster was scheduled for completion.
If you honestly think all of this “going green” nonsense is actually about saving the planet, then you’re either clueless or naeive, because, as always, it’s all about the money honey.
The left wants to consolidate more power for themselves — including cash — so they are wanting to redistribute the wealth brought in by businesses and corporations of all sizes. In other words, they want a bigger chunk of the means of production. How do they accomplish this? By justifiying a power grab with environmental regulations placed on businesses that force companies to either comply with ridiculous standards or pay a metric ton in taxes and fines.
They get power and money in the snap of their fingers. And what’s more tragic is that folks who are in the liberal movement are on board with it because they sneak their agenda through under the guise of helping the environment.
Nancy Pelosi pretends to care about the planet, but the only green she truly loves is the kind in her pocket.