Scandal-plagued nuke power giant underwrites Obama re-elect to the tune of $10 million

[Geee]

Washington Examiner:

Duke Energy is the biggest nuclear power company in America. It is also one of the most vocal advocates of an Al Gore-style cap-and-trade scheme for greenhouse gasses, and the company's CEO, Jim Rogers, thinks the company will profit from cap-and-trade.

That makes it a bit fishy when Rogers pledges to raise $32 million for the 2012 Democratic National Convention -- which is, in effect, a four-day pep rally for Obama's reelection. But even fishier is Rogers' promise -- now set in stone in a contract -- to use Duke Energy corporate money to finance the convention.

The Charlotte Observer reports "Duke Energy Corp., whose CEO is leading the fundraising for the Democratic National Convention, is guaranteeing a $10 million line of credit for the event."

Basically, a commercial bank is offering a $10 million credit card to the DNC, and Duke Energy is promising to pay off the card if the DNC cannot.

[Casino67]

".... Jim Rogers, thinks the company will profit from cap-and-trade". Really? If he only 'thinks' he shouldn't be CEO. We know it will be profitable for Duke, but disastrous for the rest of us.

 

Calling Peter King, another target for you.

[Geee]

The Muckety Map for Duke Energy is very interesting. They are affiliated with a couple of 'green' corps and Podesta's lobby firm is 'one' of their lobby firms.

[SrWoodchuck]

American progressive mordida.....or Chicago pay-n-play, take your pick.

 

Disgusting and depressing that their vile snake-like sycophants in American business are so entrenched with Democratic government & politics.