iPhone app iPad app Android phone app Android tablet app More

George Kaiser, Obama Donor, Discussed Solyndra Loan With White House, Emails Show

MATTHEW DALY   11/ 9/11 09:41 PM ET   AP

WASHINGTON — A major donor to President Barack Obama discussed with White House officials a solar energy company that received a half-billion dollar federal loan and later went bankrupt, newly released emails show.

The emails released by a House committee appear to contradict repeated assurances by the Obama administration that the donor, George Kaiser, never talked about Solyndra Inc. with the White House.

Solyndra's name came up at a White House meeting with Kaiser last year at a time when the California company was seeking a second federal loan, after it had already received a $528 million loan in 2009, the emails show.

The second loan was not approved. Instead, an investment venture controlled by Kaiser made a private loan that resulted in the firm and other investors moving ahead of taxpayers in line for repayment in case of a default by Solyndra.

Solyndra, the first renewable energy company to receive a federal loan under the 2009 stimulus law, declared bankruptcy in September and laid off its 1,100 workers, leaving taxpayers on the hook for more than a half-billion dollars.

The company's implosion and revelations that administration officials rushed to complete the loan in time for a September 2009 groundbreaking have become an embarrassment for Obama and a rallying cry for GOP critics of his green energy program.

Kaiser, an Oklahoma billionaire, was a "bundler" for Obama's 2008 campaign, raising between $50,000 and $100,000 for the president, records show. He also was a frequent White House visitor in 2009 and 2010. White House officials for months have denied that Kaiser talked about Solyndra during those visits. One the nation's richest men, Kaiser owns an oil company and other energy interests and is chief donor to the George Kaiser Family Foundation, which invests in early childhood education and community health.

In one email released Wednesday by the House Energy and Commerce Committee, Kaiser said that when he and a foundation official visited the White House last year, officials showed "thorough knowledge of the Solyndra story, suggesting it was one their prime poster children" for renewable energy.

In another email, a Kaiser associate appears confident that Energy Secretary Steven Chu would approve a second loan for Solyndra.

"It appears things are headed in the right direction and Chu is apparently staying involved in Solyndra's application and continues to talk up the company as a success story," Steve Mitchell, managing director of Kaiser's venture-capital firm, Argonaut Private Equity, wrote in a March 5, 2010, e-mail. Mitchell also served on Solyndra's board of directors.

The emails and other released Wednesday were obtained through a request to major investors for Solyndra-related documents, said Sean Bonyun, a spokesman for the Energy Committee.

The emails were released as the White House faces a Thursday deadline to respond to a committee subpoena for White House documents related to Solyndra.

White House officials accused the GOP-led committee of misleading the public by making it appear that Kaiser pushed for the original 2009 loan rather than the emergency loan last year, which was never approved.

"Even the documents cherry-picked by House Republicans today affirm what we have said all along: This loan was a decision made on the merits at the Department of Energy," White House spokesman Eric Schultz said in an email Wednesday. "Nothing in the 85,000 pages of documents produced thus far by the administration or in these four (pages) indicate any favoritism to political supporters. We wish that House Republicans were as zealous about creating jobs as they were about this oversight investigation."

Rep. Cliff Stearns, R-Fla., who heads a subcommittee that is investigating the Solyndra loan, said the emails contradict White House claims that Kaiser did not actively lobby White House officials on Solyndra.

"It is clear from these documents that Kaiser and his employees enjoyed ready access to the West Wing of the White House and exercised influence throughout the loan process," Stearns said

A spokesman for the Kaiser Family Foundation denied that Kaiser had lobbied for a Solyndra loan.

"To reaffirm our previous public statements, George Kaiser had no discussions with the government regarding the loan to Solyndra," the spokesman, C. Renzi Stone, said in an email.

Hours after committee Republicans released the emails, Democrats on the panel issued an eight-page memo that disputed nearly all of the GOP claims. The memo quotes an interview Kaiser gave Tuesday by videoconference with Republican and Democratic staffers on the committee.

In the interview, Kaiser stated, "I have never lobbied for Solyndra."

The Democratic memo cites several emails not included by Republicans in their release of documents Wednesday, including one in which Kaiser tells Ken Levit, executive director of the Kaiser foundation, that he sat next to Obama for two hours at a Las Vegas dinner fundraising dinner that also included Senate Majority Leader Harry Reid.

"I talked in general about the Chinese and solar, but I didn't want to get too specific with him," Kaiser wrote of his Oct. 22, 2010 dinner with Obama. "I never mentioned Solyndra directly."

The emails also show Kaiser chiding subordinates who urged him to personally lobby White House officials on behalf of Solyndra. Kaiser's foundation had invested $400 million in the solar company.

"I question the assumption that WH is the path to pursue when both of your issues here are with DOE," Kaiser wrote in an email to Mitchell, referring to the White House and the Energy Department. If the White House intervened, Kaiser added, "I am concerned that DOE/Chu would resent the intervention and your problem would get more difficult."

Democratic Reps. Henry Waxman of California and Diana DeGette of Colorado said that far from showing a concerted effort by Kaiser to lobby on behalf of Solyndra, the emails and the staff interview with Kaiser show the opposite.

To declare that Kaiser exercised improper influence "is a stretch, to say the least," they wrote.

___

Matthew Daly can be followed at http://twitter.com/MatthewDalyWDC

FOLLOW HUFFPOST POLITICS
Subscribe to the HuffPost Hill newsletter!
WASHINGTON — A major donor to President Barack Obama discussed with White House officials a solar energy company that received a half-billion dollar federal loan and later went bankrupt, newly r...
WASHINGTON — A major donor to President Barack Obama discussed with White House officials a solar energy company that received a half-billion dollar federal loan and later went bankrupt, newly r...
Filed by James Gerken  | 
 
 
  • Comments
  • 148
  • Pending Comments
  • 0
  • View FAQ
Comments are closed for this entry
View All
Favorites
Recency  | 
Popularity
Page: 1 2 3  Next ›  Last »  (3 total)
HUFFPOST SUPER USER
beckjr2000
been there done that & tired of it
02:13 PM on 11/11/2011
Solyndra! Keiser lobbying? No, just a coincidence! Like Rep. George Miller (D.Ca) son being a Lobbyists for Sunpower Solar that got $1.2 Billion and Tonopah Solar where Nancy Peloci's Brother in Law Ron has a position! They got $737 million.
photo
4everright
My heart went boom
08:34 AM on 11/11/2011
Obamadude is lying. Chu is lying.
Genders
Love, Tolerance, Enlightenment
08:49 PM on 11/10/2011
Realy, they talked about it, wow.

What did the Cheney fossil industry emails show? Oh yeah, that was a secret meeting.
This user has chosen to opt out of the Badges program
photo
02:03 PM on 11/10/2011
beyond all the political hijinks and lies -

Solyndra was a TECHNICAL fail long before it ever started. CIGS technology is a FAIL and is NO commercially viable.

This was a TERRIBLE technical decision - Obama simply wanted to pay off a donor.
Genders
Love, Tolerance, Enlightenment
08:51 PM on 11/10/2011
Where do you get the idea that CIGS has problems?

It was the tube and white painted roof concept that failed.

CIGS is doing great on flat panels, with 25 year warranties.
PaulD08
Corrupt GOVT wont promote the General Welfare
11:34 AM on 11/10/2011
I WELCOME the born again anti-corruptites MIA under GW
We must subsidize green energy,,do­nt tell me about free markets and "picking winners" If we total all Nonoil govt. industry subsidies we`d net a microfract­­ion of the TAX,BLOOD + Defense money $pent to secure the oil reserves of the Mideast and elsewhere for 120 yrs..
AMERICAN tax $$$ and AMERICAN BLOOD made the ­­American and foreign OILGARCHS. Our reward? Oilgarchs now fight,bribe and extort("Lobby") for tax FREE profits, corrupt our govt, dictate,distort energy policy,con­­trol media and other bad behaviors too long to list,
I can`t overstate how we`ve all benefitted from the OIL provided us, Oil industry workers and soldiers DIED for that oil.They are GREAT Americans.. Oil is a very PRECIOUS, EXPENSIVE commodity.I can`t fathom how its true cost could be reflected at the pump . I do know we pay 17 cents/gal fed tax, a microfract­ion of the true cost borne
A million solyandras bailouts would`nt equal whats been given to BIG-OIL, As Liz Warren aptly stated "no one got rich on their own". No greater example exists than the oil industry.
We are in bad shape,,We can fight eachother or we can unite, The MSM is tasked to keep us divided,, Lets act as a nation, on all issues,,Most importantly on energy ,trade,and immediately on GOVT corruption.. We will never get good policy when it is bought and sold to mostly benefit the few(1%),,thats why i am OWS
arb24529
Micro Bio? sounds like an abbreviated tweet
02:13 PM on 11/10/2011
OK so,,,,,,, you believe wqe should be drilling here like Sarah Palin said. Is that what you support?
PaulD08
Corrupt GOVT wont promote the General Welfare
07:23 AM on 11/11/2011
Reread the post ,I said i`d prefer a million solyandras ,I`m a greeno. I can`t understand the drill baby drill crowd,Hearing them spew makes me sick .When Texas gets to 130 degrees all summer they`ll still blame O B ama .It`s amazing to me that people can share the same experience and have such different views on what happened. im` getting to the point of giving up debating them and just use all my energy elsewhere
This user has chosen to opt out of the Badges program
photo
07:53 AM on 11/10/2011
How did this even make it in HP..........lol. Getting a little harder to ignore,cover-up,and hide....:)
02:45 AM on 11/10/2011
Did you have contact with the WH? No..........................Then emails are found. Hello??
photo
scott7841
PDD 51 is not a vitamin...just a bitter pill
10:50 AM on 11/11/2011
I guess it comes down to what the definition of "contact" is..........oh yeah, that strategy finally blew up in slick Willie's face didnt it?

Obama is scrambleing to bury this...the questions is "not if someone will be thrown under the bus but who and when"?
photo
HUFFPOST SUPER USER
vetxcl
12:44 AM on 11/10/2011
Not that this will get noticed or published by the vested interests here, but the real story is tar sands corruption: http://cleantechnica.com/2011/10/08/who-controls-the-media-solyndra-vs-tar-sands-corruption-coverage/
08:46 PM on 11/09/2011
Solyndra and fast and Furious . What more can a citizen ask for when it comes to our government.
HUFFPOST PUNDIT
itschuck2c
08:46 PM on 11/09/2011
Kaiser wasnt the only one, Steve Westly benefited greatly.. http://www.iwatchnews.org/2011/03/30/3845/green-bundler-golden-touch
08:39 PM on 11/09/2011
Obama will soon be Gitmo bound.
photo
HUFFPOST SUPER USER
TFProleteriat
Hey, my micro bio is empty.
08:22 PM on 11/09/2011
Hmmm... Corporations and donors asking the candidate they are supporting for favors? Is Obama a republican? Nooo, that's right, He's a politician!
photo
thereisonlyoneparty
more amazing than you
01:21 PM on 11/10/2011
Party is all that matters for most people.

When the person is viewed as one of their one, they are not too upset when some nefarious actions take place.

It is fine that people are bringing personal interests to the White House.  As long as the "right" person is in office, of course.
08:42 PM on 11/10/2011
We don't have enough right people in office. We need better people now!
photo
stingjim
Conservative
07:24 PM on 11/09/2011
Follow the Money Fraud, FRAUD
So since we all are investors in these companies as American taxpayers we should ask some simple questions.

■Does this pass the smell test?
■What will be Ronald Pelosi's role and did Nancy Pelosi have any involvement over the loan approval to SolarReserve?
■Is Steve Mitchell in any position to recover losses suffered by the Argonaut investment in Solyndra by the loan to SolarReserve?

■What does the financial model show for SolarReserve? Did they prepare that one without any regard to working capital requirements like the initial Solyndra model?
I know we all feel helpless to effect how this Administration is spending our hard earned borrowed from China venture capital. What is important is that we continue to speak out, raise flags, ask hard questions of all involved in these decisions.


$737m of taxpayers' money to build giant solar power plant in middle of the desert Obama administration approved $1bn in green energy loans days after failed Solyndra project due to be completed $737m handed to Crescent Dunes project in Tonopah, Nevada, for 110-megawatt desert solar power plant.

$737m handed to Crescent Dunes project in Tonopah, Nevada, for 110-megawatt desert solar power plant. Investors include firm Minority leader's brother-in-law and major Solyndra stakeholder
Republicans warn Energy Department is 'rushing' $5bn in loans ahead of Friday deadline

Read more: http://www.dailymail.co.uk/news/article-2043282/Nancy-Pelosis-brother-law-given-loan-bigger-Solyndra-solar-plant.html#ixzz1dG04Qdlc
photo
HUFFPOST SUPER USER
vetxcl
PaulD08
Corrupt GOVT wont promote the General Welfare
09:41 AM on 11/11/2011
10 $$$ trillion Defense Dollars to secure the MIDEAST oil and world supplies over 120 years,Fighting endless oil wars ,millons upon millions dead and maimed,Homeland Security Dept..,loss of freedom,Potential catastrophic climate warming predicted by a huge majority of scientists and what concerns you most is Relative molecules of Govt. Money to solar startups meant to alleviate this mess..sounds very "fair and balanced to me",, what will it take for you to realize how FOS your argument is ??,,The only thing i can agree with you is how govt $$ is awarded..Even there you only view it thru a partisan lens..as if insiders just started getting "deals " 3 yrs ago.. HELLO ANYONE HOME? WAKE UP. I wont hold my breath waiting for a reasoned reply
photo
stingjim
Conservative
10:37 AM on 11/11/2011
First of all the only scientists that believe in global warming being humans fault is the ones receiving grants. the world naturally gets warmer and colder. Greenland was named Greenlany bu the Vikings because it was Green. Snow and Ice now, Huh? Global was invented just for a new tax angle. Hell, no one can control the weather. Wake up. man!!
As far as fraud it is all government. look at all the money that went to new Orleans. where did it go??
When business is way way down, why would you slow it down even further by increasing government spending which ultimately means higher taxes? If you take money out of the consumer pockets, there is less spending and a slower economy. If you tax business with things like a "wind fall profit tax" against oil, they will explore less and oil prices will increase. If you socialize medicine and try to cap profits on pharmaceutical companies, you will decrease incentive to invest in cures in things like cancer. Is Obama a moron or is purposely trying to ruin the economy for his socialist agenda?????????????

now are you one of these people who believe you can get other people's money to live on and believe Obama's phoney promises for your vote.
HUFFPOST SUPER USER
emmanuel kalu
information is knowledge, knowledge in power
06:51 PM on 11/09/2011
more witch hunts by the republicans, while wasting tax payer money and not creating jobs. this program was set up by the bush administration and voted by the same republican committee member now yell foul. the email doesn't confirm anything, it even shows that DOE did do a good job. what happened here is a result of republicans desire to favor the export of jobs to china. this company fail simply because china was allowed to dump cheap product in this country. republicans where are the jobs.
08:17 PM on 11/09/2011
Welcome to the alterate universe, I was just leaving!
This loan was killed by the Bush administration and resurrected by Obama in order to get the money from Kaiser! Sorry, I can't put braille on your computer screen.
02:52 AM on 11/10/2011
Lets see....... Obama needs donations and we want our investment money back. Ok lets make a deal-We give the donations-He bails us out-Wepay ourselves back-Then file bankruptsy. Not the first time this has been done. Reps, Dems who cares. Sounds like a scam..big time, again.
photo
HUFFPOST SUPER USER
vetxcl
12:46 AM on 11/10/2011
They know where the jobs are. They're overseas where they sent them and where they're trying to keep them.
06:42 PM on 11/09/2011
They released these emails even though they had 3 more contradicting them. The republicans now have control of these documents and will do everything in their power to make Obama look bad by only giving you part of the whole story. It is sad really.
08:40 PM on 11/09/2011
That is fine as long as they have fun bashing Obama. Works for me.
HUFFPOST PUNDIT
itschuck2c
08:47 PM on 11/09/2011
Goodle Steve Westly..