Archive for the 'Green crime' Category

Gangster Government: California officials retaliate against Prop. 23 supporters

October 19, 2010

California Treasure Bill Lockyer is retaliating against two Texas-based refiners that are supporting Proposition 23, the California ballot initiative to rollback the state’s global warming law until unemployment (now at 12.4 percent) recedes to 5.5 percent.

According to Climatewire:

… state Treasurer Bill Lockyer, a former attorney general, urged the state’s largest public employee investment funds to divest themselves of Valero and Tesoro stock.

Lockyer sent a letter to the public pension funds, known as CalPERS and CalSTRS, asking them to rid themselves of any stock connected to the refiners Valero and Tesoro. Lockyer charged the companies with attempting to constrain gasoline supplies in California to ensure profits for years to come — and opposing the state’s climate change law as a means to ensure that constraint.

“CalPERS and CalSTRS should not be investing in Texas oil companies that hurt the California economy, no more than they should invest in companies that spend millions of shareholder dollars to undermine California’s environmental laws and the state’s green energy industries and green tech jobs,” Lockyer wrote.

Lockyer, a board member at CalPERS, is expected to ask the board tomorrow to divest Valero and Tesoro holdings during a meeting.”

It was also reported to this blog that Gov. Arnold Schwarzenegger, who views the global warming law as his signature accomplishment, kept Chevron out of the Proposition 23 battle by threatening the company with adverse tax measures.

Insider trading on green energy in Harry Reid’s office?

October 11, 2010

The Wall Street Journal reported today about a staffer in Harry Reid’s office who nearly doubled his $3,500 investment in a renewable energy firm in 2008. Sen. Reid helped pass legislation that benefitted the firm.

Reid’s spokesman tried to defend the staffer, Reid’s top energy policy adviser, by asserting that he had no influence over tax incentives for renewable energy firms.

Under federal securities law, of course, it is not important whether the staffer had any influence over legislation, Sen. Reid or anyone or anything else.

If it can be shown that the staffer breached a duty of confidentiality in using “inside information” as the basis for buying and selling the stock, then he may very well be guilty of the crime of insider trading.

In May 2009, the Associated Press reported,

Federal prosecutors and the FBI have been investigating possible illegal insider trading by two Securities and Exchange Commission enforcement attorneys who were in a position to receive sensitive information about agency probes of public companies.

Similarly, if the staffer had material information that the public didn’t have and he took advantage of it in the buying and selling of securities, he could have committed a serious crime — as well as anyone he may have tipped off.

Reid’s staffer has denied wrongdoing, but that should not be dispositive.

The Department of Justice, FBI and U.S. Securities and Exchange Commission ought to be investigating the staffer as well as any other potential insider trading violations described in the WSJ article.

At the very least, the staffer should be afforded the same opportunity as Martha Stewart to chat with federal investigators — that worked out so well for her.

Don’t expect this to happen, however, as Sen. Reid and other members of Congress will no doubt quietly work to quash any investigation.

California, where the graft is greener

October 8, 2010

by Steve Milloy
GreenHellBlog, October 8, 2010.

The banana-fication of California is reaching critical mass.

The Antelope Valley Union High School District has entered into public-private partnership (taxpayer beware!) with private firm PsomasFMG to build a 9.6 megawatt photovoltaic system, according to a report in Climatewire. And what a deal it is.

The school system, which expects to save $40 million over the life of the panels (no word of how long “life” is), will not have to put any money down, instead signing a 20-year power purchase agreement with PsomasFMG for about 80 percent of its power needs. Southern California Edison will generously provide the other 20 percent at a reduced rate. A “bonus” feature of the deal is that PSomas will donate $20,000 to train a teacher to design a special algebra curriculum (6th grade to high school) to train students to work in the solar industry. Solar algebra? Are you kidding me?

But while the school district is “saving” millions in electricity bills (who knows how the “savings” were actually calculated), federal and state taxpayers will be paying for this scam, including a 22-cents-per-kilowatt-hour subsidy from the state-run California Solar Initiative. While it apparently is illegal for school districts to get federal funding for such projects directly, the project will evade the law by using PsomasFMG as the subsidy recipient. Try a scheme like that at home with, say, federal tax or election laws and see in which federal prison you land!

And many Californians appear to approve of this sort of activity.

A new Reuters/Ipsos poll claims that Proposition 23, a ballot initiative to roll back California’s global warming law until unemployment recedes, is losing 49%-37%. That any Californian who could vote himself out of a paper bag would oppose Proposition 23 is incredible — the state has a budget deficit of $19 billion and and unemployment rate of 12 percent. The state needs to create economic growth and revenue producing jobs as opposed to innovative ways to milk a shrinking tax base.

Perhaps, we can hope, the poll is just another mainstream media ploy to discourage voters from turning out to save California from the green grifters.

In any event, the people behind the Antelope Valley school district scheme should be investigated — not cemented in place by the defeat of Proposition 23.

French nuke company in trouble for spying on Greenpeace

April 21, 2009

The Financial Times reports today,

EDF, France’s nuclear energy operator, paid investigators to infiltrate the anti-nuclear movement around Europe, according to testimony given in a French judicial investigation.

The investigation is looking into whether the state-controlled group condoned illegal practices as part of a surveillance operation…

The work involved “a web watch, completed by on-the- ground work” that he described as “going to meetings, to demonstrations” and “taking the temperature of these organisations”.

But before the greens get all self-righteous about this, let’s review some recent Greenpeace criminality:

There shouldn’t be anything wrong with a nuclear power company simply gathering information about groups that pose very real threats to the security of its facilities.

Eco-terrorists dump chemicals in bid to halt power plant

April 2, 2009

A manifesto allegedly from the eco-terrorist group Earth First! claims to have dumped mercury and chemical solvents at the Plainfield, CT site of a proposed wood-burning power plant, reports the local NBC affiliate.

Although an Earth First! spokesman denied the dumping, Connecticut officials reportedly have found three areas of the site that are contaminated with unidentified substances.

Earth First!’s credo is:

“We believe in using all the tools in the toolbox, from grassroots and legal organizing to civil disobedience and monkeywrenching. When the law won’t fix the problem, we put our bodies on the line to stop the destruction.”