Monday, January 07, 2013

Ex-Im Bank, Richardson in $150 million controversy funding green jobs overseas

Look who is up to no good again--the Export-Import Bank. And there is a tie-in to an ethically challenged former Democratic governor who used to boast--wrongly--that he was drafted by the Kansas City Athletics.

From the Washington Free Beacon:
The U.S. Export-Import Bank recently steered hundreds of millions of dollars in federal loans to Spanish green energy conglomerate Abengoa, which happens to share an advisory board member with the bank.

The Ex-Im Bank approved a $78.6 million direct loan to Spain-based Abengoa in December. It also approved a $73.6 million direct loan to a wind farm in Uruguay, which is owned by Abengoa.

Former Democratic New Mexico Gov. Bill Richardson sits on both the Abengoa International Advisory Board and is currently listed on the Ex-Im bank’s website as a member of the advisory committee that helps guide bank policy.

Richardson was not listed in the Ex-Im Bank’s November announcement of its 2013 Advisory Board members.
Related posts:

Latest solar failure received Ex-Im Bank loan

Obama's piggybank: Ex-Im Bank approves loan to another 'greendoggle' with Obama connections

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