Backers of Green Infrastructure Stand to Profit From it

Marc Nozell via Flickr (CC BY 2.0)

As Joe Biden and his administration push for green infrastructure the backers of the push stand to profit from it.

According to The Washington Free Beacon:

Democratic lawmakers and expert witnesses pushing President Joe Biden’s $2 trillion “green infrastructure” package stand to profit from the plan, financial records reviewed by the Washington Free Beacon show.

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Biden’s American Jobs Plan requires 100 percent of U.S. electricity to come from renewable sources—including solar, wind, hydrogen, and biomass—by 2035. The provision comes as a boost to Rep. Sean Casten (D., Ill.), who holds up to a $500,000 stake in biomass company Greenleaf Power, according to his 2019 financial disclosure. The Democrat stressed the need to make “big and bold” investments in “clean energy infrastructure” in a March statement that urged the passing of Biden’s legislation but did not reveal his financial stake in Greenleaf.

Rep. Sharice Davids (D., Kan.)—who recently claimed that the American Jobs Plan would create a “smart and sustainable” economic boom—also holds up to $16,000 in clean energy utility companies, her 2019 financial disclosure reveals. Davids’s portfolio includes Fuel Cell Energy, a hydrogen energy production company that enjoyed a 9 percent stock increase after Biden unveiled his proposal in March. The legislation steers $15 billion in taxpayer funds toward “climate R&D priorities” such as hydrogen.

Senate Democrats have also recruited climate “experts” in recent weeks to bolster government investment in green energy. Former Goldman Sachs executive Bob Litterman, for example, praised the American Jobs Plan while underscoring the need to “dramatically increase the flow of capital towards investments that will reduce emissions” during a Thursday Senate Budget Committee hearing. But Litterman—who also called for a “tax on fossil fuel production”—failed to mention that he is “betting his personal cash” on a slew of investments that short carbon-based energy companies. Litterman’s investment firm, Kepos Capital, is also invested in “assets related to a rapid transition to a low-carbon economy,” according to the Wall Street Journal.

The key thing to watch is how regulations are used to drive out competition.

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Steve Swiontkowski
Steve Swiontkowski
13 days ago

It is truly bothersome that, with the recent laws proposed, Democrats are still called democratic when DemonRATS is more fitting.

Elizabeth Estrada aka CHIAKIA

LISTEN UP…EVEN with the GREEN NEW DEAL…the SUN is SCHEDU LED to DESTROY ALL LIFE on EARTH. The EARTH will be CLEANSED…PURIFIED…SANITIZED from ALL SIN. GOD arranged this from the Beginning of TIME. Fro m SamuraiQueen. 😄😄😄

Disgusted in CA!!!
Disgusted in CA!!!
13 days ago

Biden and all his cronies are CROOKS!!!!

typicalwhiteguy
typicalwhiteguy
12 days ago

The CCP Joe Biteme regime is one of the largest organized crime families ever known.

russell
russell
12 days ago

biden, harris need to be impeached
nancy and chuckie need to be fired
all 4 need to be charged with treason

Jim
Jim
12 days ago

Joe Biden is a Dick Head,and he will never be my President – – PERIOD

Jim
Jim
12 days ago

Joe Biden is a Liar,and the head of a crime family !

Dale Brown
12 days ago

? ?????? Shocking!! Lol

Paul Lamothe
12 days ago

pay to play at work!

Nikola's Notion
Nikola's Notion
12 days ago

Frank, Jim and Valerie are already cooking up the deals now. Hunter’s busy.

Robert powell
Robert powell
12 days ago

THIS is like giving a teenager a blank check to the national treasury

Marina
Marina
12 days ago

STOP buying from this companies..

Scotty
Scotty
11 days ago

Quid quo pro. Who would have thought?

DennisBAnderson
11 days ago

Before we give them money for infrastructure you must ask? What did Obama do with the infrastructure money he was given for the same dribble? I`m fed up with being ripped off by ignorant toads that think they are smarter than me. Where is that money?
Did Iran get it with instructions on how to build a NUKE?

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