A lesson in political economy.
Washington Free Beacon (12/10/21) reports: "A solar energy company owned by a Biden megadonor received a $500 million government loan to build a manufacturing facility in India, the Biden administration announced this week, raising questions about whether the company's political clout played any role in the financing decision. The U.S. International Development Finance Corporation granted the loan to First Solar, which is owned by billionaire Walmart heir Lukas Walton, to build a solar module plant in India. Walton contributed over $300,000 to President Joe Biden's campaign last year, and over $100,000 to the Democratic National Committee, according to campaign finance records. The loan to First Solar is the 'largest single debt financing transaction' issued by the DFC, the agency announced this week...Ethics watchdogs said the loan raises questions about whether First Solar's political connections played a role in the DFC's decision. The federal financing agency, which was formerly known as the Overseas Private Investment Corporation, has faced criticism in the past for funding projects linked to political donors. The loan also comes nine years after the Obama administration came under fire for approving $3 billion in loan guarantees to the same company—funding that Republican lawmakers alleged the company wasn't qualified to receive."
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Our very own Tom Pyle had the pleasure of sitting down with Dr. Ed Schweitzer and David Whitehead of Schweitzer Engineering Laboratories for a wide-ranging discussion on the future of electric power. Listen to the latest episode of Schweitzer Drive. And don't forget to subscribe.
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Now streaming on SEL's website and wherever you listen to podcasts.
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"No science supports the claim that tornados or any other form of humanity-threatening extreme weather is on the upswing, let alone links the supposed threat to global warming. Fact is, every natural disaster these days — flooding, hurricanes, heat waves, drought, etc. — gets flogged as a reason for climate action, even though the worldwide death toll from extreme weather has been dropping steadily for decades."
–New York Post Editorial Board
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