Questions about Abound Solar loans and White House pressure
The website Complete Colorado has obtained emails between Department of Energy loan executive Jonathan Silver and the Department of Energy’s Credit Advisor, Jim McCrea, claiming the White House was pressuring the Department of Energy to move the loan forward for Abound Solar. Even more troubling, Complete Colorado also has internal Department of Energy emails that suggest the Department of Energy’s Credit Advisor had serious reservations about giving any money to Abound Energy. Previously, emails have surfaced from the credit advisor, Jim McCrea, in which he wrote, “All in all in the solar field, l think it is extremely easy to pick losers and l really do not know how to pick winners.”
Nonetheless, the government did give Abound Solar money and did so after Department of Energy officials, in writing, admitting they were getting pressure from the White House.This has the look of corruption to benefit a donor. It reeks of the Chicago Way politics. The donor and teh White House maybe true believers in solar energy, but the product they were making was not competitive with the market place. A more hard headed analysis would have rejected this deal. We need a more Romney like approach to these investment decisions.