Obama Regime Rewards Companies Who Push His Energy Policy

From Floyd Reports:

Obama Rewards Companies Pushing His Energy Policy




Posted on October 8, 2010 by Guest Writer National Center for Public Policy Research







On Thursday, policy experts from the National Center for Public Policy Research are calling attention to corporate special interest groups receiving stimulus money that also are lobbying for Obama’s energy policy.



“It’s alarming that many of the remaining corporate members of the United States Climate Action Partnership – a cap-and-trade lobbying group – such as General Electric, Duke Energy, NextEra Energy, Exelon, and Honeywell all received economic stimulus funds. It seems pushing Obama’s agenda has financial rewards. The coordinated effort between big government and big business threatens our free enterprise system,” said Tom Borelli, Ph.D., director of the National Center’s Free Enterprise Project.



General Electric seems to be a chief beneficiary of stimulus funds, with federal money being given to many of its businesses. As noted in a 2009 Wall Street Journal story, ‘General Electric Pursues Pot of Stimulus Gold,’ GE CEO Jeff Immelt geared up his lobbying army to exploit President Obama’s economic stimulus package.



“Immelt hit the jackpot with Obama’s stimulus funds. According to null, GE is the recipient of over $49 million in grants and contracts from a wide range of government departments including Energy, Defense, Justice, and Health and Human Services. Not only did GE get direct support, the company will likely benefit from the hundreds of millions of dollars that went to GE’s utility customers – Duke Energy, NextEra Energy and Exelon. Looting public funds for profit appears to be a primary business strategy adopted by Immelt,” added Tom Borelli.



A renewable energy mandate is the latest energy policy being proposed in Congress. Senators Jeff Bingaman (D-NM), Chairman of the Senate Energy and Natural Resources Committee, and Sam Brownback (R-KS) recently introduced a renewable energy standard bill in the Senate that mandate