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Thread: ‘Green Company’ Forced to Close Because Hillary Lost

  1. #1
    INGSOC GURPS's Avatar
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    ‘Green Company’ Forced to Close Because Hillary Lost

    Dmitry Akhanov, the president and CEO of Rusnano USA Inc., a Kremlin-owned venture capital firm nicknamed “Putin’s child,” oversaw the Russian government’s investment in Joule and sat on its board along with two other Russians with ties to the Kremlin. Akhavov agreed that Clinton’s loss doomed the company.

    “We lined up investors who were willing to buy the bonds, but after the elections, with some statements from the new administration regarding potential uncertainty, the future support of biofuels was stopped,” he told The Daily Caller News Foundation in an interview. “The company was not able to do the deal and it was one of the reasons why the company was closed.”

    Akhanov confirmed to TheDCNF his company invested and lost 1 billion rubles, worth $35 million when Joule closed its doors.

    The two other board members with ties to Moscow were Ruben Vardanyan, who Putin appointed to a Russian economic modernization council, and Anatoly Chubais, a close personal friend of former President Bill Clinton and economic advisor to former Russian President Boris Yeltsin. Chubais allegedly made millions in the sell-off and “privatization” of Russia’s state-owned industries.


    EXCLUSIVE: Podesta’s ‘Green Company’ Forced to Close Because Hillary Lost the Election
    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

  2. #2
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    Quote Originally Posted by GURPS View Post
    Dmitry Akhanov, the president and CEO of Rusnano USA Inc., a Kremlin-owned venture capital firm nicknamed “Putin’s child,” oversaw the Russian government’s investment in Joule and sat on its board along with two other Russians with ties to the Kremlin. Akhavov agreed that Clinton’s loss doomed the company.

    “We lined up investors who were willing to buy the bonds, but after the elections, with some statements from the new administration regarding potential uncertainty, the future support of biofuels was stopped,” he told The Daily Caller News Foundation in an interview. “The company was not able to do the deal and it was one of the reasons why the company was closed.”

    Akhanov confirmed to TheDCNF his company invested and lost 1 billion rubles, worth $35 million when Joule closed its doors.

    The two other board members with ties to Moscow were Ruben Vardanyan, who Putin appointed to a Russian economic modernization council, and Anatoly Chubais, a close personal friend of former President Bill Clinton and economic advisor to former Russian President Boris Yeltsin. Chubais allegedly made millions in the sell-off and “privatization” of Russia’s state-owned industries.


    EXCLUSIVE: Podesta’s ‘Green Company’ Forced to Close Because Hillary Lost the Election
    HMMMM But it's Trump who has Mueller ( and 16 other high priced flunkies) peeking and sneaking around looking for Russian collusion.

  3. #3
    INGSOC GURPS's Avatar
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    So what was John Podesta's now-collapsed Russian green energy scheme really all about?


    That made its ties with Clinton campaign manager John Podesta utterly worthless. Joule had brought Podesta onboard as a board member from 2010 to 2013 to influence its fortunes. Podesta got 75,000 shares for it, worth millions. The Daily Caller reported that Podesta joined the Obama administration in 2014 and then left the board, but he stayed in friendly and helpful contact with the company at least through 2015. There's no word on whether he kept his shares.

    What kind of a company can stay afloat only if it has political connections? It would have to be a company that simply couldn't produce anything it could otherwise sell of value. That's what the Daily Caller seems to have found. Joule was known for its secrecy, leaving the biotech industry baffled, the Caller reported. It also tended to overpromise and under-deliver, making wild promises to investors on what it had in the works. The Daily Caller reported:

    The company's rise as well as its demise have been shrouded in secrecy. It claimed to have a patent for genetically engineered microbes that could harness the sun's energy to convert carbon dioxide and water into ethanol, diesel fuel or jet fuel.

    "Many people were very skeptical that they could pull off what they were trying to pull off," Robert Rapier, who runs a website called R-Squared Energy, told The Boston Globe.

    With no-show results like that, and Russian backing (at least three of its board members were affiliated with a Russian venture capital company called Rusnano, which is known in Moscow as "Putin's baby"), it sounds as though it wasn't really in the business of making things of value. Its game was shaking money out of the government with its green energy policies and subsidies, which Podesta was an excellent fit for, and then maybe doing some spying on the side.
    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

  4. #4
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    It could be that without political connections their "patents" on microbes that are fairly common microbes wouldn't hold up in court (or maybe they are pending and need political connections to be awarded).

    I have read at least a dozen articles about different labs/companies with similar microbes, but even the most optimistic models don't show the cost for producing these fuels to be cheap enough to make them viable.

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