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First Solar Epitomizes Green Energy Graft

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Barack Obama was a pioneer at monetizing the global warming hoax by using otherwise largely useless green energy boondoggles to launder taxpayer money and pay off campaign donors. In his third term, the graft has gone so far over the top that even Associated Press can’t help but notice it:

Executives, officials and major investors in First Solar, the largest domestic maker of solar panels, donated at least $2 million to Democrats in 2020, including $1.5 million to Biden’s successful bid for the White House. After he won, the company spent $2.8 million more lobbying his administration and Congress, records show — an effort that included high-level meetings with top administration officials.

First Solar is not likely to produce much energy, but it knows how to get a return on investment.

First Solar became perhaps the biggest beneficiary of an estimated $1 trillion in environmental spending enacted under the Inflation Reduction Act, a major piece of legislation Biden signed into law in 2022 after it cleared Congress solely with Democratic votes.

A party arrogant enough to call an inflationary wasteful spending spree the “Inflation Reduction Act” won’t shy from open corruption at taxpayer expense in the name of the phony green energy transition.

Since then, First Solar’s stock price has doubled and its profits have soared thanks to new federal subsidies that could be worth as much as $10 billion over a decade. The success has also delivered a massive windfall to a small group of Democratic donors who invested heavily in the company.

The money is extracted from the American people via taxation and inflation. The Global Warming Hoax is a looting spree. Democrat rule is intolerable.

On a tip from Chuck A.

The post First Solar Epitomizes Green Energy Graft appeared first on Moonbattery.


Source: https://moonbattery.com/first-solar-epitomizes-green-energy-graft/


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