The Renewable Fuel Standard: ‘Set Up for Fraud’
Marita Noon
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August 8, 2016, 1:15 am
America’s rush to renewables has invited corruption and fraud.
Researcher Christine Lakatos and I, together, have produced the single largest body of work on green-energy crony-corruption. Our years of collaboration have revealed that those with special access and influence have cashed in on the various green-energy programs and benefited from the mandates, rules, and regulations that accompany the huge scheme. Dozens of the projects, including biofuel, which required the unwitting investment of taxpayer dollars, have failed — leaving employees without jobs, buildings without tenants, taxpayers without repayment, and cronies without pain (even snatching hefty bonuses on the way down). Most people know about Solyndra, the first bankruptcy, and some may know about Abengoa, the biggest bankruptcy, but there are many more.
These big projects allowed the politically connected to bilk taxpayers of billions and is the definition of corruption. But, there’s fraud in renewable energy, too — and, while it doesn’t hit us as hard as taxpayers, it does cost us as consumers.
http://spectator.org/the-renewable-fuel-standard-set-up-for-fraud/
