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 |