Posted on 06/14/2011 4:43:35 PM PDT by Kaslin
Rules: A bill encouraging the use of natural-gas-powered vehicles will give the EPA authority to regulate greenhouse gases while rewarding the Democratic left's patron saint.
We like natural gas. It's the cleanest-burning fossil fuel, the U.S. has lots of it and, thanks to technologies such as hydraulic fracturing (aka "fracking"), we can get even more of it from the vast shale formations that dot the country.
Others like it, too, which is why a bill floating through Congress, the New Alternative Transportation to Give Americans Solutions Act of 2011 (HR 1380), or Nat Gas Act, has seen a number of Republicans joining central-planning Democrats in supporting it.
But HR 1380, sponsored at last count by 105 Democrats and 83 Republicans, is another government intervention in the free market. Instead of getting government out of the way of innovators, it would give a tax credit for up to 80% of the purchase cost of a natural gas vehicle — with a cap dependent on the car's weight, $8,000 for passenger cars and up to $64,000 for heavy trucks — to get more gas-powered vehicles on the road.
It so happens that a company called Westport Innovations is a leading provider of technology that allows engines to operate on clean-burning fuels such as compressed natural gas and would be expected to benefit from HR 1380's huge allocation of taxpayer dollars.
According to the folks at gurufocus.com, which monitors the wheeling and dealing of major investors, George Soros, the Hungarian billionaire who has made a fortune manipulating currencies among other financial shenanigans, owned 5,547,604 shares of WPRT, valued at $122 million as of March 31. That represented 1.45% of his equity portfolio and his third-largest holding.
(Excerpt) Read more at investors.com ...
How does the FBI allow Soros to get Scott Free away with sedition?..
And not only sedition but what other crimes is he committing?
Does Soros OWN the FBI?... the FBI could care less whats happening on the Mexican border as well..
The FBI NEEDS to be investigated..
Soros needs to lose his citizenship. Be deported and forever banned from setting his foot in this country again
BTW, this Westport company is the one supplying those 200 LNG motors to Peterbilt for the oilfield service company in Texas, to be built in Denton Texas.
Yes, that is LNG fueled trucks, not CNG.
Ping
I do believe that the FBI gets most of its walking orders from the Justice Department - Eric the Red Holder
What any investigation turns up has to go through the Justice Department to make a determination if it gets prosecuted. By extension, Holder and Soros are bestest buddies.
[ What any investigation turns up has to go through the Justice Department ]
Not a House investigation committee..
ping
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