How Cronyism Is Infesting Cap-And-Trade

Investor's Business Daily featured significant FFM research on the serious conflict of interest between a top Obama energy official and an energy efficient window company located in California. The article focuses on how cronyism is investing cap-and-trade.

Excerpt:

So unwavering has this support been that when a list of such companies receiving tax credits was released in January, only one window manufacturer, Serious Materials, was a recipient. This attracted the attention of Annette Meeks of the Freedom Foundation of Minnesota, a much-colder state that also has manufacturers of energy-efficient windows.

Meeks asked: "How does it come about that repeatedly — at least six times last year — executives from one window manufacturer, one small California company, appeared with the president and vice president and no other company even gets a mention?"

As it turns out, according to Meeks' colleague Jonathan Blake, the company's policy director is married to Cathy Zoi, the administration's assistant secretary for energy efficiency and renewable energy.

In that position, Zoi has control of $16.8 billion in stimulus funds.

The article can be read in its entirety here at Investors.com

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