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Export-Import Bank Awards Millions to Spanish Green Energy Company
[FREEBEACON] The U.S. Export-Import Bank (Ex-Im) steered another taxpayer-backed loan toward a green energy firm that shares an advisory board member with the bank.

The Ex-Im Bank recently authorized a pair of loans totaling $33.6 million to Abengoa--a Spain-based energy company--that will fund the export of American-made products for use in solar projects in Spain and South Africa.

Former New Mexico Gov. Bill Richardson (D.)
...one of the dirtier kleptocratic politicians, and that's saying something...
sits on the Abengoa International Advisory Board and is currently listed on the Ex-Im bank's website as a member of the 2013 advisory committee that helps guide bank policy.

The Ex-Im Bank did not immediately respond to request for comment on Richardson's involvement in the loan.

The Ex-Im Bank said its financing will support approximately 200 U.S. jobs.

"Ex-Im Bank's consistent support of renewable-energy projects demonstrates our commitment to supporting high-skilled jobs in an important homegrown industry and improving the environment," said Ex-Im Bank chairman and president Fred P. Hochberg in a statement. "In addition to contributing to cleaner sources of energy and supporting U.S. jobs, these two transactions will support President Obama's goal of doubling access to power in sub-Saharan Africa."
Posted by: Fred 2013-09-27
http://www.rantburg.com/poparticle.php?ID=376586