Will we allow Communist China to build and operate the largest wind project in Maine?
EDP Renewables has plans to build the largest wind project in Maine, the so called Number Nine wind farm in Aroostook County. http://numberninewindfarm.com/
This project was seemingly endorsed by Patrick Woodcock in 2015, then Director of Maine's Energy Office and now the Assistant Secretary of Energy for the Commonwealth of Massachusetts. WOODCOCK%20EDPR.pdf
EDP is partially owned by China Three Gorges, which is state run by Communist China. In the article below, it can be seen that China Three Gorges is trying to buy the remainder of EDP.
In other words, China plans to control others' electricity and in the process, collect free money via subsidies. At the same time it is continuously building coal plants for its own electricity production and trying to get the U.S. to stop using coal and other fossil fuels via international agreements, completely lopsided in China's favor.
Strategy Summary
- China slows us down with renewable energy folly
- Increased U.S. electricity costs due to renewables increases our manufacturing costs
- China burns coal, reducing its manufacturing costs
- China, who is openly trying to take over world trade through such programs as its "One Belt, One Road" neocolonialistic plan wants to control others' energy production by buying their energy companies
- China takes in huge revenues selling renewable energy infrastructure to other countries
- China grows yet richer and others poorer as companies like EDP vacuum up our stupidly handed out subsidies for renewable energy
- As our national debt grows, China, who owns some of our national debt further enriches itself
- Additionally, there is significant evidence that some of these wind projects are undermining our military facilities. For example, Fort Drum has already gone on record stating that the Maple Ridge wind project (and others in Lewis County) are compromising its mission and operational readiness. In support of that, a top person at the National Weather Service wrote that the Maple Ridge wind project (and others in Lewis County) are having a very serious effect on multiple regional weather radars — which is also problematic to Fort Drum. One could perhaps wonder if a Communist China strategy is to try and locate wind projects near where they can monitor and interfere with US military operations.
China thinks global and acts local. An example of their local actions would be the Number Nine wind farm in Aroostook. As Mainers and U.S. citizens, do we really want to be this stupid?
May 14, 2018
China Three Gorges to offer $10.8 billion for EDP
China Three Gorges Corp. late Friday said it plans to launch a EUR9.07 billion ($10.8 billion) offer to acquire the almost 77% it doesn't already own of Portugal's main energy utility, a bold move to expand further into Europe's power sector that will likely attract heavy scrutiny from the U.S. and other governments in the West.
By consolidating its ownership of Energias de Portugal SA, or EDP, China Three Gorges, or CTG, would gain full control of Portugal's largest electricity producer, distributor and supplier. But it also would offer the Chinese state-owned energy company a bigger platform to gain exposure to EDP's power operations in several other countries in Europe, including Spain, France, Italy and the U.K. In the Americas, the Lisbon-based company is present in Brazil, Mexico and in the U.S., where it operates wind farms across much of that country.
Read the full article at the following weblink:
https://www.marketwatch.com/story/china-three-gorges-to-offer-108-b...
September 1, 2018
China's Most Dangerous Geopolitical Weapon
The Chinese strategy of encroaching on America’s geopolitical position and security interests in this way has already borne fruit. Massive FDI flows into allied countries and strategic regions have unambiguously exposed Beijing’s money as a pertinent threat. In a prime example of how easy it is to seize an entire country’s strategic infrastructure, China Three Gorges in May bid $11 billion to take over the entire capital of Portugal’s largest grid company, EDP, with subsidiaries in the U.S., Spain, and Brazil.
Read the full article at the following weblink:
https://www.americanthinker.com/articles/2018/09/chinas_most_danger...
Contact the White House and tell them NO on China buying up our assets:
It does not matter that the Trump administration is already taking actions on China buying up U.S. companies. They still need to hear from you. Take five minutes and let them know your concerns at the following weblink:
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Comment by Barbara Durkin on September 11, 2018 at 11:29am
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Portugal's EDP a suspect in corruption inquiry... grid operator REN and the local division of Boston Consulting Group. ... Portugal's public prosecutor named Energias de Portugal (EDP) ...Boston Consulting Group also confirmed police searched its Lisbon office and said in a statement it "will continue to collaborate with authorities in whatever is necessary, always ensuring the confidentiality of its clients".EDP shares closed 1.34 percent lower on Friday and REN slipped 0.5 percent, while the broader market in Lisbon ended little changed. (Reporting by Daniel Alvarenga and Andrei Khalip; Writing by Axel Bugge; Editing by David Clarke and Catherine Evans)EDP office raided in corruption probeOfficers of the Judicial Police raided the Lisbon offices of EDP, REN and the Boston Consulting Group this morning ... Energy bosses António Mexia from EDP and ...Shares in wind power developer EDP drop after corruption charges re: state compensation laid. EDP has IESO contractshttps://www.ft.com/content/5fb0e56b-1397-3c8d-a8aa-1716512d08f9 …Answering Who is Boston Consulting Group?:‘Boston Consulting Group Plans a Move into a New Building in the Boston Office Market’"An important member of the Boston office market has announced that it is joining GE, Fidelity Investments, Pricewaterhouse Coopers and others by moving to the Seaport in a new facility built to meet their ever changing needs. The Boston Consulting Group which serves a global customer base, currently has two Boston area offices, and will join them when they move into a new 13-story office building. The new building is located in Tishman Speyer’s Pier 4 Development and Boston Consulting Group plans to be moved in by June, 2018."Created: 02 June 2017
Officers of the Judicial Police raided the Lisbon offices of EDP, REN and the Boston Consulting Group this morning as part of an investigationinto active and passive corruption.
The Attorney General's Office explained that the investigation is being run by the Central Department of Investigation and Criminal Action which the Public Prosecutor's Office uses in complex cases. Energy bosses António Mexia from EDP and Rodrigo Costa from REN confirm the searches.“Redes Energéticas Nacionais (REN) confirms that, today, proceedings have been carried out by the judicial authorities at the company's headquarters in Lisbon. REN will continue, as always, to collaborate with the authorities in everything that’s within its reach."EDP confirms the police had been to collect information and said it would cooperate with the authorities."The Boston Consulting Group confirms that the Judicial Police was present at its Lisbon office and has made available all the necessary elements to the ongoing investigation and will continue to collaborate with the authorities while always ensuring the confidentiality of its customers."The Judiciary Police did not make a statement but the Public Prosecutor’s office said, "The purpose is to investigate facts subsequent to the legislative process and administrative procedures relating to the introduction into the national electricity sector of Contractual Equilibrium Maintenance Costs (CMEC). The CMECs are compensation payments for the early termination of energy contracts."The searches focused on the companies’ financial and administration departments, in the hunt for "facts that could be included in crimes of active corruption, passive corruption and economic participation in business."This complex CMEC business dates back to the last decade when the State, with the full backing of Brussels, was empowered to compensate EDP for the cancellation of energy purchase contracts with its supplier, REN, so that everyone could enter the unregulated energy market from July 1, 2007, without old supply contracts getting in the way, which apparently is what the EC wanted but later was attacked by the Troika over 'excessive revenues.'To facilitate the scrapping of these contracts, the CMEC system was devised, which ensured compensation was paid to EDP by the taxpayer, not the electricity consumer through higher prices.The idea of paying State compensation came from the Pedro Santana Lopes government at the end of 2004, but was triggered by the José Sócrates administration in 2007, when Manuel Pinho was at the Ministry of the Economy and António Mexia was already heading EDP.At the time of the Troika, the Passos Coelho government classified these CMECs as "excessive revenues," a definition rejected by EDP’s Mexia who said the payments "reduced the costs to taxpayers."The European Commission later wanted to open an investigation into the way these payments were handled. Someone somewhere seems to have found a way of fiddling the system so Portugal’s forces of law and fiscal order have opened yet another corruption investigation into high profile companies.13 hours ago - EDP chief denies wrongdoing over contracts under investigation ... the local division of U.S. consulting firm Boston Consulting Group on Friday in a probe ... market, saying it suspected "crimes of active and passive corruption…”(Mubadala was created 9 days before acquiring 100% shares and voting rights of EPD, but was involved in a money laundering scheme under investigation by the US DOJ in 2016, and was in existence in 2010!)About Mubadala Investment CompanyOn 21 January 2017, the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, as the ruler of Abu Dhabi, issued a law creating the Mubadala Investment Company, a company wholly owned by the government of Abu Dhabi.
EDP Shares and voting rights went 100% to Mubadala Investment Company
EDP-CTG_Activos_Portugal_ENPDF / 254 KbEDP-CTG_Activos_Portugal_ENMonday, January 30, 2017IPIC notified EDP that 100% of its shares and inherent voting rights have been acquired by Mubadala Investment Company PJSC.Established and owned by the Government of Abu Dhabi, Mubadala's strategy is ... Mubadala Investment Company Board of Directors endorses new structure ...Jul 21, 2016 - "Instead, that money went to relatives and associates of the corruptofficials of 1MDB and others." ... Among them is Riza Shahriz Bin Abdul Aziz, who co-founded Red Granite ... company aimed at encouraging foreign direct investment. ... with Abu Dhabi's state-owned MubadalaDevelopment Company.US Attorney General Loretta Lynch announces a civil action seeking the recovery of more than US$1 billion worth of assets taken from a Malaysian sovereign wealth fund.The United States moved on Wednesday to recover more than US$1 billion (NZ$1.43 billion) that federal officials say was stolen from a Malaysian wealth fund by people close to prime minister Najib Razak.It is alleged the ill-gotten funds paid for luxury properties in New York and Beverly Hills in California, a US$35 million private jet and paintings by Vincent Van Gogh and Claude Monet. It was also used to settle gambling debts in Las Vegas casinos and to produce Hollywood film The Wolf of Wall Street.The case alleges a complex money-laundering scheme that the US Justice Department says was intended to enrich top-level officials of a government-controlled Malaysian wealth fund, known as 1MDB.Cut continuing-May 2010: 1MDB signs deals with sovereign wealth funds in the Gulf emirates of Qatar and Abu Dhabi. Prime land in Kuala Lumpur is sold to 1MDB at below-market rates to develop a financial centre, in a joint venture with Abu Dhabi's state-owned Mubadala Development Company. After spending nearly US$2 million on a launch party, 1MDB ditches the event when Abu Dhabi's crown prince decides not to attend.
MUBADALA US DOJ ASSET SEIZURE---MONEY LAUNDERING28M. KENDALL DAY, ChiefAsset Forfeiture and MoneyLaundering Section (AFMLS)MARY BUTLERChief, International UnitWOO S. LEEDeputy Chief, International UnitKYLE R. FREENYTrial AttorneyCriminal DivisionUnited States Department of JusticeTelephone: (202) 514-1263Email: Woo.Lee@usdoj.govEILEEN M. DECKERUnited States AttorneyLAWRENCE S. MIDDLETONAssistant United States AttorneyChief, Criminal DivisionSTEVEN R. WELKAssistant United States AttorneyChief, Asset Forfeiture SectionJOHN J. KUCERA (CBN: 274184)CHRISTEN A. SPROULE (CBN: 310120)Assistant United States AttorneysAsset Forfeiture SectionTelephone: (213) 894-3391/(213) 894-4493Facsimile: (213) 894-7177Email: John.Kucera@usdoj.govAttorneys for PlaintiffUNITED STATES OF AMERICAUNITED STATES DISTRICT COURTFOR THE CENTRAL DISTRICT OF CALIFORNIAUNITED STATES OF AMERICA,Plaintiff,v.ALL RIGHT TO AND INTEREST INSYMPHONY CP (PARK LANE) LLC,HELD OR ACQUIRED, DIRECTLY ORINDIRECTLY, BY SYMPHONY CPNo. CV 16-5370VERIFIED COMPLAINT FORFORFEITUREIN REM18 U.S.C. §§ 981(a)(1)(A) & (C)[F.B.I.]Documents pertaining to the formation of the Park Lane Partnership,including electronic communications, reveal that the Partnership was structured to permitthe possibility that Mubadala Development Company PJSC (“Mubadala”) would joinJynwel as an investor in the LOWInvestment Entities after theinitial capitalization ofthe Partnership. Mubadala is aninvestment vehicle wholly-owned by the Government ofAbu Dhabi. An organizational chart prepared by LOW’s counsel after the initialcapitalization appears to indicate that Mubadala did subsequently acquire some indirectinterest in Symphony CP Investments LLC, and thus in the Park Lane Partnership,through various holding companies. That same organizational chart also shows than anentity called “Virtue Trustees (Switzerland) AG” holds an interest in Symphony CPInvestments LLC and the Partnership through various holding companies.Google: HillaryClinton Boston Consulting Group
now under investigation with EDP About 288,000 results (0.66 seconds)Search ResultsInspired by Hillary Clinton's speech at BCG'sglobal partner meeting, BCG's Arindam Bhattacharya reflects on the state of India's economy and social...On June 20, 2013, Hillary Clinton was paid $225,000 to speak to the Boston Consulting Group, which consistently recommends closing our public neighborhood ...Delegate, Hillary Clinton (D), $173,712. Delegate, Barack Obama (D), $125,090. Delegate, Mitt Romney (R), $51,775. Delegate, John Kerry (D-MA), $24,598.May 22, 2016 - $225,000; 6/20/2013, Boston Consulting Group Inc., Boston, Mass.: $225,000; 6/20/2013, Let's Talk Entertainment Inc., Toronto, Canada: ...You visited this page on 6/6/17.Dec 2, 2016 - He even hired former Hillary Clinton aide Cheryl Mills to serve on the firm's ... president and CEO, Boston Consulting Group;; Doug McMillon, ...You visited this page on 6/6/17.Oct 11, 2016 - The WikiLeaks dump of speeches Hillary Clinton fought to keep secret from the ... For example, she told the Boston Consulting Group in 2013:.EDPClip from First Solar and Energy Secretary Chu's "DOE's Junk Bond Portfolio" JUNE 2012
First Solar is not directly in the "DOE junk bond inventory" that I reported on in April (Green Corruption: Department of Energy “Junk Loans” and Cronyism –– Intro), but are they are linked to three of the projects on that list.Clip-Back in 2009 –– since the passing of President Obama's Taxpayer Funded Stimulus Spending Spree, of which over $80 billion was earmarked for alternative energy –– is when I began following the green money. At that time, I uncovered some riveting revelations and connections about Goldman Sachs. But what I found most fascinating came from Matt Taibbi's Rolling Stone Magazine piece and video, where he exposed Goldman Sachs' "long-standing and very deep ties to the Democratic Party," and their "long history of putting their former employees in Democratic administrations."
I won't reiterate, but it can be found in my 2010 blog, Green Corruption: The Plot Thickens, yet worth repeating are some other Goldman Sachs' firms and projects that received "green dollars" that I found when I took a brief look.- One of the early investments reported by Matt Taibbi in his July 2009 Rolling Stone Magazine article –– The Great American Bubble Machine, warning that Goldman Sachs is "helping create the next bubble, 'global warming' –– was Horizon Wind Energy. Back in 2010 Horizon was still on the Goldman Sachs Environmental Markets portfolio, but reported as owned by Portuguese EDP Renewables. Still, it turns out that they won a $229.8 million grant from the "green stimulus package," as reported by GreenTechnology.Daily.com in December 2009, pointing out that it was one of the "top grant recipients." The article also notes, "European companies have scooped up the majority of U.S. stimulus money set aside for wind power projects."
Nordic Windpower, funded by Goldman Sachs and Khosla Ventures (and others) ––
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Comment by Donna Amrita Davidge on September 5, 2018 at 3:44pm
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Insanely sad
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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