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House Democratic Leader Nancy Pelosi’s husband bought up to a quarter million dollars of stock in SunEdison, a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent its stock price soaring. SunE's 2014 purchase of wind energy company First Wind “further bolstered the reputation of the company,” wrote one market-watcher at the time. “Perhaps unsurprisingly, SunEdison’s stock soared 29% on news of this acquisition alone.”

Earlier this week, the newly-elected Democratic Socialist Alexandria Ocasio-Cortez dropped by Rep. Nancy Pelosi's Capitol Hill office. She was not there to say hello to her new colleague but to show support for a group of environmentalists hosting a sit-in in the potential Speaker of the House's workspace. The move rankled party leadership and consultants. But what exactly was Representative-elect Ocasio-Cortez showing support for? It was the "Green New Deal", a massive overhaul spending plan of the United States' economy in an effort to supposedly combat climate change. According to Politico, Ocasio-Cortez met with members from the Sunrise Movement, a nationwide...

**SNIP** Watching it all from the sidelines was Pelosi, who has already called for reinstatement of the select panel that she first set more than a decade ago. Ocasio-Cortez has praised Pelosi for reinstating the special committee, even though she wants it to have far broader authority to craft legislation remaking the U.S. energy grid. “We need to act on climate change NOW w/ a *fossil fuel $-free* Select Committee *with a mandate* to draft a Green New Deal,” Ocasio-Cortez tweeted earlier Thursday. “It’s our best chance to beat the clock.” Pallone declined to comment on what happened during the...

A fight broke out in a closed-door meeting of House Democrats over climate change as a powerful veteran lawmaker fought with freshman star Rep.-elect Alexandria Ocasio-Cortez and other members-elect over the creation of a special panel for the issue. New Jersey Rep. Frank Pallone, incoming chairman of the powerful Energy and Commerce Committee — backed by a number of other committee members — slammed the creation of the new climate panel, according to multiple sources in the room. Pallone argued that his committee and other existing panels within the House could take on the issue aggressively. But Ocasio-Cortez (N.Y.), Rep.-elect...

Moments after arriving on Capitol Hill for freshman orientation, Rep.-elect Alexandria Ocasio-Cortez, D-N.Y., went to the office of House Minority Leader Nancy Pelosi, D-Calif. It wasn’t to speak with Pelosi about her run for House speakership. But to join an impromptu sit-in outside of Pelosi’s office to push for congressional action on climate change. “We need to tell her that we’ve got her back in showing and pursuing the most progressive energy agenda that this country has even seen,” Ocasio-Cortez said while standing in the middle of a group of around 200 protestors holding signs reading “Green Jobs For All.”

House Democratic Leader Nancy Pelosi’s husband bought up to a quarter million dollars of stock in a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent stock prices soaring, public records show. SunEdison told regulators last week that it is eyeing bankruptcy under the weight of $11.7 million in debt. But in late 2014, investors were bullish on the company, which manufactures and operates solar and wind power facilities. Its 2014 purchase of wind energy company First Wind “further bolstered the reputation of the company,” wrote one market-watcher at the time. “Perhaps...

U.S. solar energy company SunEdison Inc. filed for Chapter 11 bankruptcy protection on Thursday, becoming one of the largest non-financial companies to do so in the past 10 years. Once the fastest-growing U.S. renewable energy developer, SunEdison embarked on an aggressive acquisition strategy that left it struggling with $12 billion in debt. In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30. Although solar project developers such as SunEdison continue to benefit from robust demand, their shares have been hit by investor concerns that demand could fall in...

SunEdison is now eyeing bankruptcy, but Paul Pelosi invested right before a 2014 stock rally House Democratic Leader Nancy Pelosi’s husband bought up to a quarter million dollars of stock in a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent stock prices soaring, public records show. SunEdison told regulators last week that it is eyeing bankruptcy under the weight of $11.7 million in debt. But in late 2014, investors were bullish on the company, which manufactures and operates solar and wind power facilities. Its 2014 purchase of wind energy company First...

Even $1.5 billion in subsidies and loan guarantees can’t save a “clean” energy company from bankruptcy. That’s the takeaway from the looming failure of SunEdison, a company that touts itself as the “largest global renewable energy development company.” Once a darling of Wall Street and the green Left because of SunEdison’s portfolio of wind and solar projects, the company’s stock is now in free fall. Furthermore, two related companies that were spun off from SunEdison — TerraForm Global and TerraForm Power — also appear to be in financial distress. On March 30, Brian Wuebbels, the CEO of both TerraForm companies,...

SunEdison, which bills itself as the world’s largest green energy company, may soon file for bankruptcy protection, according to a recent Securities and Exchange Commission filing, as the company faces “liquidity difficulties” despite getting millions in government subsidies.

The U.S. Securities and Exchange Commission is looking into SunEdison to see whether or not the company exaggerated its cash on hand in disclosures last year. The news comes as the solar developer is teetering on the brink of bankruptcy. The solar company has seen its stock collapse since last year as mounting debt problems have raised concerns about the company’s ability to keep the lights on. SunEdison’s share price is off by 96 percent since last July. That has translated to a decline of the company’s market capitalization from $10 billion last summer to just $400 million today. SunEdison...

U.S. solar energy company SunEdison Inc, whose aggressive acquisition strategy has saddled it with almost $12 billion of debt, is at "substantial risk" of bankruptcy, one of its two publicly listed units warned on Tuesday. A bankruptcy would rank among the largest involving a non-financial company in the past 10 years, according to bankruptcydata.com. SunEdison declined to comment. SunEdison's shares - already reeling from a Wall Street Journal report on Monday that the company was being investigated for overstating its cash position - fell as much as 60 percent to a record low of 50 cents.