Ed Lasky, The American Thinker
Yesterday, I blogged that Cathy Zoi, acting undersecretary of Energy at the Department of Energy, was leaving office to go to work for private industry. The New York Times article that mentioned the transition failed to note where exactly she would be working.
Timothy Carney at the Washington Examiner found out today. The answer is George Soros.
George Soros — whom we’re always told is not serving his own economic interests at all by promoting liberal politicians and big-government policies — is launching a new investment fund, that plans to profit off of the “green energy” boom, which is entirely dependent on government subsidies.
As the press release puts it, this fund will “leverage technology and business model innovation to improve energy efficiency, reduce waste and emissions, harness renewable energy, and more efficiently use natural resources, among other applications.” As Soros puts it in the same release: “Developing alternative sources of energy and achieving greater energy efficiency is both a significant global investment opportunity and an environmental imperative.” Cadie Thompson at CNBC’s NetNet flagged this.
So, yeah. The big-government policies advanced by the liberal outfits he funds — like Center for American Progress — will enrich the companies in which Soros is investing.
But this story gets better.
The press release casually mentions whom Soros is hiring to run this new fund: Cathy Zoi. As Cadie Thompson at CNBC’s NetNet (edited by my brother John Carney), puts it,
Zoi was Barack Obama’s “Acting Under Secretary for Energy and Assistant Secretary for Energy Efficiency and Renewable Energy.” An Al Gore acolyte, Zoi was Obama’s point-woman on subsidizing green tech. Now she’s going to work for George Soros to profit off of subsidized green tech.
As I pointed out in my blog yesterday, Zoi has had a checkered career during which she appeared to take actions in her official capacity that benefited her and her husband’s investments in “green energy.” For example, Serious Materials, a “green buildings material” company benefited from federal stimulus dollars. But as I noted in my blog the extent of what appears to be crony capitalism extended beyond that instance….
No related posts.