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White House news posts are usually horror-inducing nomination announcements and campaign-related fluff pieces ungrounded in reality, and one has to read between the lines to see where whose bread is being buttered. Take this E.O., for example. (1)
White House news posts are usually horror-inducing nomination announcements and campaign-related fluff pieces ungrounded in reality, and one has to read between the lines to see where whose bread is being buttered. Take this E.O., for example. (1)
The Executive Order on Promoting Energy Infrastructure and Economic Growth, signed on Wednesday, tasks Secretary of Transportation Chao with revisions to safety regulations governing the operation of Liquified Natural Gas (LNG) facilities, (2)
...and rail transportation of LNG. (3)
Secretary Chao is also tasked with assisting the Secretary of Energy on a report of the “economic and other effects” caused by the inability to safely (my word) transport large quantitities of fossil fuels across state lines. (4)
(5)
In February, the hedge fund managed by Secretary Chao’s brother in law added an ~$11,000,000 Golar LNG holding. (6)
gasprocessingnews.com/news/gazprom-t…’s-cameroon-export-plant.aspx
Incidentally, Gazprom is a Golar LNG customer. (7)
Incidentally, Gazprom is a Golar LNG customer. (7)
Coincidentally, Secretary Chao’s sister Angela—a Bank of China director—is in the LNG “space,” and note the mention of China Investment Corporation. (8)
Secretary Chao met privately with the Executive Vice President of China Investment Corporation on May 1, 2017. (9)
Her former fund manager’s uncanny ability to add or shed related holdings shortly before energy-related executive proclamations are made aside, putting Secretary Chao in charge of LNG-related safety oversight appears to be a fox-henhouse situation. (End)
sightline.org/2017/03/07/liq…
Footnote: The safety of LNG and its surface transportation have been topics of discussion for years. Executive Branch rulemaking will end the discussion, and will be accomplished more quickly than the administration could build pipelines.
Footnote: The safety of LNG and its surface transportation have been topics of discussion for years. Executive Branch rulemaking will end the discussion, and will be accomplished more quickly than the administration could build pipelines.
The hedge fund managed by Secretary Chao’s brother in law, James O. “Jos” Shaver, reported $55.8 million in Sempra Energy holdings on its February SEC filing.
The $55.8 million Sempra holding Electron Capital reported in February represents a 130% increase over the $25.5 million reported last November.
