Tuesday, April 27, 2010

CHANGE? Obama energy official can cash in on administration’s green policies; Update: Video added

When Barack Obama ran for office, he promised to change the culture of Washington, blah, blah, blah. These openings more or less write themselves, don’t they? Anyway, to no one’s great shock, yet another senior Obama administration figure has managed to find ways to cash in on the sector she’s supposed to be regulating. Meet Cathy Zoi, assistant secretary of energy for energy efficiency and renewable energy — and Green Entrepreneur on the taxpayer dime:

A top Obama administration official who’s helping lead a campaign for energy conservation has a major financial interest in two companies that are poised to benefit from the government’s spending.

Cathy Zoi, the assistant secretary of energy for energy efficiency and renewable energy, owns between $250,000 and $500,000 worth of stock in Landis+Gyr, a Swiss-based manufacturer of special electric meters that are used to create an efficient “smart” grid of electricity use.

Her husband, Robin Roy, owns options on at least 120,000 shares of Serious Materials, a leading manufacturer of energy-efficient windows that’s been singled out for praise by President Barack Obama and Vice President Joe Biden. As an officer of the company, Roy receives options on an additional 2,500 shares every month and will continue to do so until October 2012. READ MORE...

Update: Freedom Foundation Minnesota first uncovered the Zoi story and produced this video, as well as collecting some of the relevant documents:

It's why we call Obama supporters 'idiots.'

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