Early this year, we received bombshell testimony, coupled with substantiated documentation, that Abengoa, at least at one of their three projects funded with billions of U.S. taxpayer money from President Obama’s 2009-Recovery Act, has broken stimulus laws and DOE loan stipulations. Worse, what we uncovered is that this foreign-owned firm has engaged in chilling, unethical and potentially criminal activity, including, but not limited to, a conspiracy between three top Abengoa executives (along with executives at the Spain and Uruguay offices) to break U.S. immigration laws, of which they executed on a big scale. Not to mention the misery that American workers endured at the hands of this Spanish company –– and much more. While Ill get to the details of this new and disturbing information later, what’s key is here is that our original post was stirred on by the fact that Abengoa was one of seven DOE loans winners that also received “preferential treatment” from the Department of Interior (DOI) to lease federal land in a no-bid process (meaning that they were approved without adequate vetting). In case youre not familiar with this Spanish group and the backstory, heres a summary: its U.S. division [Abengoa Solar] received approximately $2.8 billion in stimulus loans (five times more than Solyndra) for two large solar projects –– one in Arizona and the other in California. Meanwhile, Abengoa Bioenergy snagged a $132 million DOE stimulus loan for a biofuel project in Kansas. These loans were part of the Department of Energys 1705 section, which was created by the 2009-Recovery act –– the trillion-dollar stimulus bill that was sold as a means to save the U.S. economy from the brink of disaster and create American jobs. Further, these three loans were also part the DOEs “junk bond portfolio, which were awarded between the summer of 2010 and the fall of 2011. Plus, it was reported that Abengoa also received $818 million in treasury grants for these three projects that came from another stimulus-created program known as the 1603 Program, which as of December 2013 has dished out $19.8 billion of free taxpayer money...and counting. In addition to the $2.8 billion in loans as well as the free taxpayer cash, Abengoa companies received $150 million from the U.S. Export-Import Bank for green jobs overseas, and more recently, $2 million from the SunShot Initiative. IMPORTANT NOTE: as stipulated by the H. R. 1 law, known as the ‘‘American Recovery and Reinvestment Act of 2009, it states: FIRMS IN VIOLATION OF IMMIGRATION LAWS —No loan guarantee may be made under this section for a loan to any entity found, based on a determination by the Secretary of Homeland Security or the Attorney General to have engaged in a pattern or practice of hiring, recruiting or referring for a fee, for employment in the United States an alien knowing the person is an unauthorized alien. I wonder what the punishment (repercussion) is when a firm violates our immigration laws after they got a stimulus loan, which seems to be the case here.
Posted on: Tue, 01 Apr 2014 00:16:08 +0000
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