Skip to comments.Exelon's Carbon Advantage ( The Obama Whitehouse connection)
Posted on 01/27/2010 5:45:09 AM PST by bert
Exelon's John Rowe has been planning for expensive carbon for a decade. Now it's time to push for the payoff. On a cold December Chicago afternoon John Rowe stands at a window in his office, a dim, quiet, three-room suite lined with history books and sprinkled with objets d'art, including a stone horse from the Tang Dynasty and an Egyptian sarcophagus. From his 54th floor perch he is looking north to the high-rises of the Gold Coast below and the frigid waters of Lake Michigan shimmering with weak, fading winter light beyond. "You can't sit up here in the afternoon and see the lights come on and not love this job," he says. ................. snip ......... It doesn't hurt that, while Rowe is a Republican, Exelon has very deep ties to the Obama Administration. Frank M. Clark, who runs ComEd, helped advise Obama before he ran for President and is one of Obama's largest fundraisers. Obama's chief political strategist, David Axelrod, worked as a consultant to Exelon. Obama's chief of staff, Rahm Emanuel, helped create Exelon. Emanuel was hired by Rowe to help broker the $8.2 billion deal between Unicom and Peco when Emanuel was at the investment bank Wasserstein Perella (now Dresdner Kleinwort). In his two-year career there Emanuel earned $16.2 million, according to congressional disclosures. His biggest deal was the Exelon merger.
(Excerpt) Read more at forbes.com ...
The White House is corrupt as any in history.
Never forget that Obama sat on the board at the Joyce Foundation when they gave Richard Sandor money to found the Chicago climate exchange.
We can take away Excelon’s carbon advantage by building a lot more nuclear plants. He currently enjoys a protected market. Protected by the EPA, environmental activists and their lawyers.
Other than the lobbying for a carbon tax, I find what he has done with Excelon admirable and fascinating.
The lobbying wouldn’t be an issue if our government was limited to it’s constitutional duties.