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February 26, 2011
George Soros -- whom we're always told is not serving his own economic interests at all by promoting liberal politicians and big-government policies -- is launching a new investment fund that plans to profit off of the "green energy" boom, which is entirely dependent on government subsidies supported by the groups Soros funds.
As the press release puts it, this fund will "leverage technology and business model innovation to improve energy efficiency, reduce waste and emissions, harness renewable energy, and more efficiently use natural resources, among other applications." As Soros puts it in the same release: “Developing alternative sources of energy and achieving greater energy efficiency is both a significant global investment opportunity and an environmental imperative.” Cadie Thompson at CNBC's NetNet flagged this.
So, yeah. The big-government policies advanced by the liberal outfits he funds -- like Center for American Progress -- will enrich the companies in which Soros is investing.
But this story gets better.
The press release casually mentions whom Soros is hiring to run this new fund: Cathy Zoi. As Cadie Thompson at CNBC's NetNet (edited by my brother John Carney), puts it,
Zoi was Barack Obama's "Acting Under Secretary for Energy and Assistant Secretary for Energy Efficiency and Renewable Energy." An Al Gore acolyte, Zoi was Obama's point-woman on subsidizing green tech. Now she's going to work for George Soros to profit off of subsidized green tech.
If you remember Zoi's name, it's because of another green-tech conflict of interest: Zoi's husband is an executive at a window company, Serious Windows, which the White House regularly held up as a "poster child of green industry."
The Freedom Foundation of Minnesota put it this way:
"Ms. Zoi is married to Robin Roy, a top executive at Serious Materials, a privately held manufacturer of 'sustainable green building materials' located in California. On the Executive Branch Personnel Public Financial Disclosure submitted by Ms. Zoi to the White House Ethics office as part of her confirmation, Ms. Zoi disclosed ownership with her spouse of 120,000 vested and unvested stock options in Serious Materials, a company her office regulates and that she may profit from."
Oh yeah, Serious Materials pocketed federal stimulus money, too.
But we can put all that behind us, because now Zoi has left the Obama Administration and will go back to work making an honest living in the private sector, where she can put all the knowledge she gained from working for the Department of Energy to work for the private equity firms. Thata girl Zoi!