Free Republic

NEW YORK, NY, CHICAGO, IL, AND MONTRÉAL, QC – JANUARY 7, 2022 – Today, Blackstone Inc. (NYSE: BX) announced that funds managed by Blackstone Infrastructure Partners have entered into a definitive agreement with Caisse de dépôt et placement du Québec (CDPQ) and Invenergy for an approximately $3 billion equity investment in Invenergy Renewables Holdings LLC (“Invenergy Renewables” or “the company”), the largest private renewable energy company in North America. Blackstone’s investment will provide capital to accelerate Invenergy’s renewables development activities. CDPQ and Invenergy management remain the majority owners of the company and Invenergy will continue as managing member.

When President Obama declared earlier this year that “climate change” represents “an immediate risk to our national security” he was absolutely right. Only, the key detail he forgot to mention is precisely why it represents such a risk: because his administration’s crazed faith that renewable energy represents a solution to “climate change” is severely impacting the defensive capabilities of the US military. Consider the case of two giant wind projects scheduled imminently for development near vital US defense facilities. Both ... accord with the Obama administration’s green priority commitments — which apparently take precedence over trivial issues like hurricane predictions,...