Godlike Productions - Conspiracy Forum
Users Online Now: 1,188 (Who's On?)Visitors Today: 444,695
Pageviews Today: 564,303Threads Today: 103Posts Today: 2,326
04:40 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

OBAMA BLOCKS CHINESE PURCHASE OF US WIND FARMS

 
Treyfish
Offer Upgrade

User ID: 14756837
United States
09/28/2012 02:30 PM
Report Abusive Post
Report Copyright Violation
OBAMA BLOCKS CHINESE PURCHASE OF US WIND FARMS
By JULIE PACE
— Sep. 28 2:22 PM EDT



WASHINGTON (AP) — Citing national security risks, President Barack Obama on Friday blocked a Chinese company from owning four wind farm projects in northern Oregon near a Navy base where the U.S. military flies unmanned drones and electronic-warfare planes on training missions.

It was the first time in 22 years that a U.S. president blocked such a foreign business deal.

Obama's decision was likely to be another irritant in the increasingly tense economic relationship between the U.S. and China. It also comes against an election-year..

[link to bigstory.ap.org] I can at least agree with this move...But the MILTARY made this decision popcorn

Last Edited by Treyfish on 09/28/2012 02:31 PM
Treyfish (OP)

User ID: 14756837
United States
09/28/2012 02:34 PM
Report Abusive Post
Report Copyright Violation
Re: OBAMA BLOCKS CHINESE PURCHASE OF US WIND FARMS
The plan involved building a wind farm near a naval firing range in Oregon, in an area forbidden to both ships and aircraft. The project had been prepared by the Chinese-owned Ralls Corporation.

[link to www.agi.it]
Treyfish (OP)

User ID: 14756837
United States
09/28/2012 02:43 PM
Report Abusive Post
Report Copyright Violation
Re: OBAMA BLOCKS CHINESE PURCHASE OF US WIND FARMS
Obama’s decision confirms an order handed down in July by the government’s Committee on Foreign Investment in the U.S., or CFIUS, which reviews acquisitions of domestic companies by non- U.S. entities. CFIUS referred the matter to the president after the Chinese-owned company, Ralls Corp., sued to overturn its ruling.

CFIUS Reporting
Ralls bought the wind-farm assets earlier this year without reporting the transaction to CFIUS, according to a U.S. filing in the case.
CFIUS is an interagency committee headed by Treasury Secretary Timothy Geithner that reviews the national security implications of transactions that could lead to a non-U.S. citizen controlling a U.S. business. The heads of the departments of Justice, Homeland Security, Commerce, Defense, State, and Energy, among others, sit on the committee. The panel’s recommendations can be enforced only by the president under the law,,

[link to www.bloomberg.com]
Anonymous Coward
User ID: 24243529
United Kingdom
09/28/2012 02:46 PM
Report Abusive Post
Report Copyright Violation
Re: OBAMA BLOCKS CHINESE PURCHASE OF US WIND FARMS
Wind farms are a massive cash cow, inefficient at producing power but hugely good a making money.

Guess they dont want that cash going out of the country
Anonymous Coward
User ID: 24219938
Australia
09/28/2012 02:50 PM
Report Abusive Post
Report Copyright Violation
Re: OBAMA BLOCKS CHINESE PURCHASE OF US WIND FARMS
They didn't bribe enough

News