Jobs Panel Member Whose Solar Firm Won Loan Guarantees Raises 'Conflict of Interest' Concerns

Fox News ^ | 11/1/11 | By Judson Berger

[Nachum]

A clean-energy firm led by a member of President Obama's jobs council has a stake in projects that have reaped nearly $2 billion in loan guarantees from Washington, a case that has raised conflict-of-interest concerns as the same jobs council pushes for more "government-backed" investment in renewable energy.

The company, NextEra Energy, secured a loan guarantee in August for a solar project in California. An affiliate has taken over another California project that won a separate guarantee in September. The firm is no lightweight -- NextEra Energy Resources, the subsidiary working on both solar projects, is the biggest producer of wind and solar energy on the continent.

But the company also enjoys a connection to the Obama administration -- company Chairman and CEO Lewis Hay sits on the president's Council on Jobs and Competitiveness, which last month issued a report calling, among other things, for a new federal financing program to attract private investment for clean energy projects via loan guarantees and other tools.

[Nachum]

The list, ping

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[Made In The USA]

Barry will just an executive order dictating that the Jobs Council members are exempt from laws, regulations, or anything else Mr. Issa may question.

[ColdOne]

This whole administration and whoever it pals around with is a “conflict of interest”

[rockinqsranch]

These Leftist asshats are just having a great time playin’ whoopee with our tax dollars aren’t they.

[afraidfortherepublic]

Shoot. Our company has been trying for over a year to get refinancing on our business loan, which is merely a mortgage on the building. We are current on our payments and profitable, but we've been working for more than a year to get new financing on less than $1 million. We should just announce that we are installing a solar panel department, and then maybe we could find financing.. Just shaking my head in exasperation...

[Nachum]

We should just announce that we are installing a solar panel department, and then maybe we could find financing.. Just shaking my head in exasperation.

I you want to really get into the patronage system, go to your local DemocRATic party official and tell him how you want to go green. Ask him about getting "stimulus" money from the DOE and that you would be very very "grateful"... wink wink, nudge nudge,... you know what I mean...