Here, you are urged and encouraged to run your mouths about something important.

Tuesday, September 27, 2011

BrightSource: Is this Solyndra X's Three?

One of the things that makes the Solyndra scandal so potentially explosive is the likely probability that there were other very similar deals. After getting $535 Million in federal loan guarantees, the solar panel company went bankrupt in two years - and even required additional funding to prevent bankruptcy sooner. What if Solyndra is jus the warm-up act to a much bigger scandal? Aaron Klein is reporting that, like Solyndra, BrightSource is a solar panel company that received guaranteed federal loans. Unlike Solyndra, however, BrightSource received guarantees totaling $1.37 Billion, nearly three times more than Solyndra.

Via WND:
President Obama's nominee for Commerce secretary served as chairman of the board of a solar energy company that recently received a $1.37 billion federal loan guarantee – the largest the Department of Energy has ever given for a solar power project.

Now that company, BrightSource Energy, is attempting to build the world's largest solar power plant amid concerns such ventures may be too risky an investment for the federal government.

In June, BrightSource Chairman John Bryson was nominated by Obama to head the Commerce Department.

WND reported in June that Bryson co-founded an environmental activist group that is a member and funder of the controversial Apollo Alliance.

Apollo is run by a slew of socialists and radicals, including Jeff Jones, a founder of the Weather Underground domestic terrorist organization. Jones himself boasts of doing work for the environmental group founded by Bryson, the Natural Resources Defense Council.

Bryson served until June as co-chairman of the Pacific Council on International Policy, a globalist organization whose members can be found throughout the Obama administration.

The massive loan guarantee to BrightSource is meant to build an expensive California desert solar plant known as the Ivanpah Solar Electric Generating System.
So Obama's nominee for head of the Commerce Department was a Chairman with the solar panel company that received the largest federal loan guarantee from DOE; and the Apollo Alliance, which helped to write the stimulus bill, consists of a group that Chairman founded.

What are the odds that BrightSource is heading down a road identical to the one Solyndra is on? Is BrightSource simply taking longer to run out of money because it had more to begin with? If and when the BrightSource shoe drops, it will shake the Obama administration to the core. We could look at the entire Democratic Party go into survival mode for 2012.

On another note, Bryson has not yet been confirmed so anyone on the committee responsible for confirming him should be digging into this.

Read it all.

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