A cautionary article from the New York Times: “With Wind Energy, Opportunity for Corruption”

Perhaps the following excerpts from the article will nudge you to read the entire article, which is linked here for your convenience – “With Wind Energy, Opportunity for Corruption

In the United States, one of the top three wind energy producers along with Germany and Spain, the Energy Department is doling out aid covering 30 percent of project costs and has already announced more than $1 billion in grants — with individual grants near $100 million.”

Wind farm development follows a common pattern in Europe and the United States. It is a complex chain in which, typically, small entrepreneurs strike deals for long-term land leases with farmers and seek local government approvals for wind parks. Then the entrepreneurs sell development packages through intermediaries to large multinational companies or utilities that actually build the wind parks.”

In New York, wind developers were prodded over the summer to sign an ethics code barring gifts to public officials, a standard developed by the office of the state attorney general, Andrew Cuomo, who also created a task force to monitor development of the industry.

“It’s a very new area of development with the promise of a lot of money that can be made, both for the developers of wind farms and landowners,” said John Milgrim, a spokesman for the New York attorney general’s office, who noted that the industry had been largely unregulated. “Anytime there’s financial dealings, new industry and large sums of money, there is potential for corruption.”

Cash is king,” said Andrew Campanelli, a forensics investigator for Deloitte in New York. “In a down economy individuals might be more inclined to need more cash. They might look at green energy as a mechanism to use ill-gotten funds.

Interested?  Again, read the entire article here.

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2 Responses to A cautionary article from the New York Times: “With Wind Energy, Opportunity for Corruption”

  1. Allegheny Front Alliance says:

    “Wind farm development follows a common pattern in Europe and the United States. It is a complex chain in which, typically, small entrepreneurs strike deals for long-term land leases with farmers and seek local government approvals for wind parks. Then the entrepreneurs sell development packages through intermediaries to large multinational companies or utilities that actually build the wind parks.”

    Does this sound like a local company? Hint sometimes know as US Wind Farce, LLC or US Wind Farts, LLC.

    I wonder if Edison Mission Group will realize this project risk, considering the recent rulling on the Beechridge Project. Do the Edision Mission Stockholder realize the potential risk.

    favorite expression if asked an important question: “To the best of my knowledge”, who really is not your d#*# ‘friend’, but are more likely man to ‘cook’ one up on you.

  2. Allegheny Front Alliance says:

    Be sure to read the The Wind Farm Scam:

    “Wind turbines cannot generate enough energy to reduce global CO2 levels to a meaningful degree; what’s more wind power is by nature intermittent and cannot generate a steady output, necessitating back-up coal and gas power plants that significantly negate the saving of greenhouse gas emissions.”

    http://www.wind-watch.org/alerts/2009/12/01/the-wind-farm-scam/

    In addition to the inefficacy of wind power there are ecological drawbacks, including damage to habitats, wildlife and the far-from-insignificant aesthetic drawback of the assault upon natural beauty and the pristine landscape, which wind turbines entail. Dr Etherington argues that wind power has been, and is being, excessively financed at the cost of consumers who have not been consulted, nor informed that this effective subsidy is being paid from their bills to support an industry that cannot be cost efficient or, ultimately, favour the cause it purports to support.

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