Wednesday, August 12, 2015

Obama, Clinton Foundation Donors Sold ‘Green’ Fuel to Military for $149 per Gallon. San Francisco’s Solazyme also received millions in stimulus funds from DOE.

The Washington Free Beacon reports:
The CEO and Board of Directors of Solazyme, a company the military paid $149 per gallon for “alternative” fuel, have donated more than $300,000 to Democratic candidates and committees, according to a Washington Free Beacon analysis.

Recipients of significant donations included the Obama Victory Fund and the Democratic National Committee. Additionally, Solazyme donated between $100,000 and $250,000 to the Bill, Hillary, and Chelsea Clinton Foundation.

A Congressional Research Service (CRS) report found that the Department of Defense (DOD) paid Solazyme $149 per gallon for fuel made of algal oil, costing taxpayers a total of $223,500 in 2009. The group also received a $21 million stimulus grant from Department of Energy in 2009.

“Based in South San Francisco, Solazyme’s mission is to improve our lives and our planet by producing sustainable, high-performance oils and ingredients derived from microalgae,” the company states. Solazyme claims that their process serves as a better alternative to limited resources such as petroleum, vegetable oils, and animal fats.

Three members of Solazyme’s Board of Directors have donated hundreds of thousands to Dems, which include more than $50,000 in donations that benefited President Obama.
Rent-seeking gone really wild! We might have a tad more equal of a society with market based energy instead of the plundering of taxpayers.