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View Diary: Bidder #70 Released From Prison For Earth Day/ UPDATED with interview from "Democracy Now" (72 comments)

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  •  This story really bothers me (12+ / 0-)

    because almost at the same time that "Bidder #70" was active, a coal fired power plant company called Cogentrix had just emerged from bankruptcy as a Goldman-Sachs subsidiary, and somehow locked up hundreds of thousands of acres of solar energy leases of federal BLM land in Nevada.

    Cogentrix didn't make a move to develop any of the leases, thus thwarting the development on solar energy in Nevada for about 5 years.  Finally BLM cleared up the matter, and soon we will have utility-scale solar energy plants humming there.

    Cogentrix eventually even wrangled a $91 million federal loan guarantee and developed just a single PV solar plant in Colorado.  

    I frankly don't see much difference between what Bidder #70 did, which cost him prison time, and the bad-faith leasing  by Cogentrix, for which the company was rewarded with a $91 million loan guarantee.

    Orly, it isn't evidence just because you downloaded it from the internet.

    by 6412093 on Mon Apr 22, 2013 at 12:55:38 PM PDT

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