From the Minneapolis Star Tribune: 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 has 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 backdrop of intense criticism from
Republican presidential challenger Mitt Romney, who accuses Obama of not
being tough enough with China.
In his decision, Obama ordered Ralls Corp., a company owned by
Chinese nationals, to divest its interest in the wind farms it purchased
earlier this year near the Naval Weapons Systems Training Facility in
Boardman, Ore.
The case reached the president's desk after the Committee on Foreign
Investments in the United States, known as CFIUS, determined there was
no way to address the national security risks posed by the Chinese
company's purchases. Only the president has final authority to prohibit a
transaction.
The administration would not say what risks the wind farm purchases
presented. The Treasury Department said CFIUS made its recommendation to
Obama after receiving an analysis of the potential threats from the
Office of the Director of National Intelligence.
Morrow County planner, Carla McLane, said the projects had won county
approval and construction was under way until CFIUS issued an order in
July that halted construction. She said she does not know what the
security concerns were.
Each of the four projects consists of five turbines, each with a
two-megawatt capacity, for a total of 10 megawatts per project, or a
total of 40 for the four. As the crow flies, McLane said, the projects
are about 10 miles from the bombing range — as it's known locally. http://www.startribune.com/business/171821981.html
So, Obama kills a bunch of construction jobs and killed a bunch of green energy jobs and gives no reason for it?
I thought Obama was for jobs and green energy. I guess not.
Sunrise — 6:39, 6:42, 6:43.
7 hours ago
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