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U.S. News and Commentary



Monday
Jan282013

Italy investigating Mafia infiltration into renewable energy—will U.S. do the same?

Windmill in Sicily. (Photo: CIA World Factbook)

In an unfolding plot that is part “The Sopranos,” part “An Inconvenient Truth,” authorities swept across Sicily last month in the latest wave of sting operations revealing years of deep infiltration into the renewable-energy sector by Italy’s rapidly modernizing crime families.—The Washington Post

How many times have I called for a RICO investigation into the green money machine here in the U.S.? After all, that machine is ripe for criminal plucking.

Roll government money into a sector built on theories derived from government-funded and dictated “science”,  and permit federal agencies like the Environmental Protection Agency to loot American households by way of regulations (otherwise known as indirect tax hikes), and you have a perfect prescription for fraud.

Italy is a prime example.

The Washington Post reported:

The still-emerging links of the mafia to the once-booming wind and solar sector here are raising fresh questions about the use of government subsidies to fuel a shift toward cleaner energies, with critics claiming that huge state incentives created excessive profits for companies and a market bubble ripe for fraud. China-based Suntech, the world’s largest solar panel maker, last month said it would need to restate more than two years of financial results because of allegedly fake capital put up to finance new plants in Italy. The discoveries here also follow “eco-corruption” cases in Spain, where a number of companies stand accused of illegally tapping state aid.

It’s shocking that WaPo actually reported the story, considering Democrat influence on that paper and most other media.

Do you think the U.S. is immune to such corruption? If so, you know nothing about money when it is freely handed out by governments to their corporate cronies.

The administration of President Barack Obama has sunk billions into green energy allies, and much of that taxpayer money went straight down the tubes.

There’s a reason for the Organized Crime and Racketeering Act passed by the U.S. Congress. Perhaps Congress should use that tool to examine where taxpayer money has gone. You can bet your solar panel that Obama's Dept. of Justice isn't concerned.

Obama’s green boondoggle has increased the cost of energy for every U.S household.

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What do Anita Dunn and Ashton Kutcher have to do with Fisker’s taxpayer funded loan? (The US Report)

(Commentary by Kay B. Day/Jan. 28, 2013)

  

 

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