John Podesta : Biden’s New Green Investment Czar

Hits: 8

In the Biden administration’s uncanny ability to put the wrong people in the wrong jobs, naming John Podesta to be the new “climate czar” might be its masterstroke.

With so much money at stake, you might have expected the administration to choose someone with a strong background in energy technologies or perhaps someone possessing deep experience in the energy business who can spot the good (and bad) uses for all that money.

Although Podesta is listed on the corporate records, he failed to disclose his membership on the board of Stichting Joule Global Foundation (the holding company) in his federal financial disclosure forms when he officially joined the Obama White House as a senior advisor in 2013.

What is concerning here is the pattern Podesta has established of being involved on both sides of the table, and transiting Washington’s revolving door. When the Biden administration chooses a “power broker” to be its decider over $370 billion worth of federal “investment” money that is intended to make green energy affordable, cost-effective or competitive with fossil fuels, we should not be surprised if large portions of that money will eventually be traced back to connections those companies have with that aforementioned power broker.

This is why you do not want the federal government to have individuals who are not experts — who are operators and lobbyists — making important decisions like that. They will pass out cash to people who have made them money in the past, and who will make them money in the future, or who have employed their family members. It is corrupt and it is cronyism. When you give people the opportunity to hand out other people’s money, they are going to give it to families and friends. With Podesta, there is certainly a history of doing just that.

In the Biden administration’s uncanny ability to put the wrong people in the wrong jobs, naming John Podesta to be the new “climate czar” might be its masterstroke. With so much money at stake, you might have expected the administration to choose someone with a strong background in energy technologies or deep experience in the energy business.

In the Biden administration’s uncanny ability to put the wrong people in the wrong jobs, naming John Podesta to be the new “climate czar” might be its masterstroke.

The White House announced recently that John Podesta will oversee $370 billion in clean energy investments included in the Inflation Reduction Act. This makes him the decision-maker for handing out money to make green energy a viable, cost-effective replacement for fossil fuels. Green energy subsidies and other government giveaways have been tried before, and failed, but not at this scale. With so much money at stake, you might have expected the administration to choose someone with a strong background in energy technologies or perhaps someone possessing deep experience in the energy business who can spot the good (and bad) uses for all that money.

Skip to toolbar