Monday, April 26, 2010

Pat Dollard | Young Americans | Blog Archive » More Global Warming Profiteering By Obama Energy Official

What a surprise.

Zoi, who left her position as CEO of the Alliance for Climate Protection — founded by Al Gore — to serve as assistant secretary for energy efficiency and renewable energy, now manages billions in “green jobs” funding. But the disclosure documents show that Zoi not only is in a position to affect the fortunes of her previous employer, ex-Vice President Al Gore, but that she herself has large holdings in two firms that could directly profit from policies proposed by the Department of Energy.

Among Zoi’s holdings are shares in Serious Materials, Inc., the previously sleepy, now bustling, friend of the Obama White House whose public policy operation is headed by her husband. Between them, Zoi and her husband hold 120,000 shares in Serious Materials, as well as stock options. Reporter John Stossel has already explored what he sees as the “crony capitalism” implied by Zoi being so able to influence the fortunes of a company to which she is so closely associated.

In addition, the disclosure forms reflect that Zoi holds between $250,000 and $500,000 in “founders shares” in Landis+Gyr, a Swiss “smart meter” firm. She also still owns between $15,000 and $50,000 in ordinary shares.


JC said...

This report originated by John Stossel. Terrible reporting by a guy that used to be good at ABC. Serious Materials posted facts that Stossel somehow missed. Stossel should have reported the rest of these facts. Failing to do so treats us readers like idiots.

Anonymous said...

Well, to be honest, you accuse him of terrible reporting based on one side's your own standards, shouldn't you wait until you see his response first? After reading your link, and thanks, by the way, I know that I'd love to hear what he has to say.


James said...

JC you've defended this manufacturer all over the internet. Your statements might be more credible if you didn't pretend to be a consumer.

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