10/14/2011

Another White House Insider Pushing for Solyndra

I don't find this as interesting the fundraiser pushing for the money or the emails warning Obama not to visit Solyndra. From Fox News:

“I thought the White House might want to take advantage of this event to highlight a highly successful public/private partnership.”
-- Obama adviser David Prend in an email to a White House aide encouraging the president to publicly embrace Solyndra, a solar-panel manufacturer that Prend’s investment firm partly owned.

The latest figure to emerge in Soylndra green-jobs scandal is David Prend, a co-founder of the Boston-based venture capital firm Rockport Capital, who used his role as a green energy adviser to the Obama administration to push for a half-billion-dollar subsidized loan for Solyndra even though his company was a major investor in the solar-panel manufacturer.
Emails obtained by congressional investigators show that Prend was perhaps the first to push for Solyndra inside the administration, touting the company in a February 2009 meeting with Carol Browner, President Obama’s former global warming and energy czar. At the time, Prend’s firm held a 7.5 percent stake in Solyndra.
Prend also pushed for Solyndra to be included in a Navy contract as part of the administration’s plan to switch the military to green energy. The Wall Street Journal reports that the Navy effort came in the spring of this year, long after it was clear that the company was kaput. The Navy seemed to be on the cusp of including Solyndra in the $1 million pilot project, but had to drop the well-connected firm as bankruptcy approached in September. . . .

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