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Going green for some means raking in the dough

I kid you not:

Surprising documents made available to this author reveal that Assistant Secretary of Energy Cathy Zoi has a huge financial stake in companies likely to profit from the Obama administration's "green" policies.

Zoi, who left her position as CEO of the Alliance for Climate Protection -- founded by Al Gore -- to serve as assistant secretary for energy efficiency and renewable energy, now manages billions in "green jobs" funding. But the disclosure documents show that Zoi not only is in a position to affect the fortunes of her previous employer, ex-Vice President Al Gore, but that she herself has large holdings in two firms that could directly profit from policies proposed by the Department of Energy.

Among Zoi's holdings are shares in Serious Materials, Inc., the previously sleepy, now bustling, friend of the Obama White House whose public policy operation is headed by her husband. Between them, Zoi and her husband hold 120,000 shares in Serious Materials, as well as stock options. Reporter John Stossel has already explored what he sees as the "crony capitalism" implied by Zoi being so able to influence the fortunes of a company to which she is so closely associated.

In addition, the disclosure forms reflect that Zoi holds between $250,000 and $500,000 in "founders shares" in Landis+Gyr, a Swiss "smart meter" firm. She also still owns between $15,000 and $50,000 in ordinary shares.

"Smart meters," put simply, are electric meters that return information about customer power usage to the power company immediately and allow a power company to control the amount of power a customer can consume. These smart meters are a central component of the Obama administration's plans to reduce electricity consumption as part of the "smart grid."

If you're surprised by this, please consider yourself an idiot.

Carry on.

Crossposted at Brutally Honest.


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Comments (8)

No, not surprising. It's f... (Below threshold)

No, not surprising. It's funny how the folks pushing the 'green' agenda stand to make (or have made) a hell of a lot of money off what they're attempting to implement. Al Gore didn't push his views while he was in office, but once he got out and became part owner of a carbon offset trading company, all of a sudden the Earth was about to boil! So he had to jet around all over the place, build a hell of a big mansion, buy a huge houseboat, and generally live the high life while promoting the idea that WE poor schmucks are supposed to be living a 'sustainable lifestyle'. Cut back on energy usage, go green wherever possible, don't travel long distances, think small, use less.

You first, Al.

I've got more respect for Ed Begley Jr. than Al Gore - Ed tries to lead by example, while Al would rather force us to live how he dictates. And like any dictator - the 'rules' he attempts to impose aren't for HIM to abide by!

And now we see another example of a 'green' getting into a position where they can make money from 'doing the right thing'. Of course there's no conflict of interest, it's all just happenstance that she'd be set to make out like a damn bandit from her rulemaking!

In short - I'll believe there's a problem when the folks pushing this stuff ACT like there's an actual problem, instead of like aristocrats telling the serfs how they should be happy to pay for the aristocrat's upkeep otherwise chaos would ensue!

"...and allow a power compa... (Below threshold)

"...and allow a power company to control the amount of power a customer can consume."

Why do I get the feeling that certain people (you know, those who are more equal than others) won't ever have a smart meter or a power company controlling how much energy they're allowed to consume?

These liberals and thier gr... (Below threshold)

These liberals and thier greed energy policies are dispicable.

Until you get over the phra... (Below threshold)

Until you get over the phrase that "It's for the *environment." and realize that it's for the people uttering the phrase's bank account/retirement fund the odds of sending your taxes into those accounts remains high.

Its all about control, over your life and your standard of living. They may not want you living in the dark ages but you'll damn sure be their serf toiling away for their betterment.

* substitute their favorite pet cause here. Such as "for the children." etc...

Gmac, the proper phrase is ... (Below threshold)

Gmac, the proper phrase is ...

"it's for the chiiiiiildren."

Do try to be more accurate.

/sighI *knew* I sh... (Below threshold)


I *knew* I should have prefaced that with "...

I blame it on GWB! and Global Warming!! and a serious caffeine shortage!!!and that I was running really late for work!!!! ;p

Well, the realy irony is th... (Below threshold)
Caesar Augustus:

Well, the realy irony is there are a lot of people out there in the chattering classes who will be surprised by this news.

re 7:Nah, they'll ... (Below threshold)

re 7:

Nah, they'll never read or hear it, much less believe it.






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