Another Reason Why Pelosi is a Greedy Hypocrite

Nancy Pelosi Invests In Energy Scheme and Water Grab By T. Boone Pickens
August 11, 2008



Nancy Pelosi says that she is trying to save the planet and prevent global warming, but the reality is that, according to disclosure statements, in May 2007 she invested in T. Boone Picken's clean energy fuels corp., CLNE, which is the sole sponsor of a proposal in California to funnel $5 billion in state funds and $5 billion in Federal funs to this corporation which will indirectly help them create a giant wind farm in the Texas panhandle.

An overlooked story in November of 2007 shows that the T. Boone Pickens plan involves the private control of water, which Pickens wants to be able to sell to big cities via giant water pipelines which will be built on land seized under eminent domain.

How did he do this? He did this by pushing through a "water district" which consists of only 8 acres of land and then applying eminent domain to expand that district and seize land from local ranchers which, in the end, puts vital water resources under his private control.

The Sierra Club, which you might think has an opinion that means something to Nancy Pelosi who just wants to "save the world", had this to say, "We have real concerns about private control of water," said Ken Kramer, director of the Texas Sierra Club. "Water is a resource, yet in some respects it is a commodity. It's as essential to human life as air. That puts water in a different class."

Pickens plans to sell 200,000 acre-feet from parched West Texas Staked Plains annually. His plan is opposed by water policy planners as economically infeasible. This extensive extraction will affect natural spring flows and the rural Texas Panhandle communities that depend on that water. It will also adversely affect family farming and sustainable development from Texas to South Dakota, according to opponents.

Pickens needs money and he has not been able to find investors to pay for a $110 Billion Bond he wants his new "water authority" to issue, therefore he is piggy-backing the windmill plan on to the water infrastructure development plan to use the money obtained for the wind farms in order to pay for the water infrastructure, which was his original goal.

While these plans were in the works as of November 2007, with the creation of this "water district", the energy company, CLNE, was offered for public investment in an IPO in May of 2007, an IPO that was not advertised, but which resulted in Nancy Pelosi quickly jumping on board. Nancy Pelosi Purchased between $50,000-$100,000 in CLNE stock on May 25, 2007 apparently on it's initial public offering.

It is hard to tell if the water scheme is the device being used to seize the land or if the wind turbine scheme is the means by which he will fund the water scheme, but no matter what the case may be, Nancy Pelosi will personally profit from whatever he does as an investor.

Nancy Pelosi is one of the richest members of Congress with a net worth of over US$25 million, which comes primarily from investments a large portfolio of jointly owned San Francisco Bay Area real estate, and, now, of course, stocks in CLNE.

While the stock was initially offered at $14 and is now valued below that amount, the low of $10 in early July of this year is bouncing back, especially in light of ads by Pickens and growing consensus that the Pickens plan will gain support, especially if Pelosi is firmly behind it.

http://dontgomovement.com/2008/08/11/nancy-pelosi-invests-in-energy-scheme-and-water-grab-by-t-boone-pickens/
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