October 2, 2016
Is Abengoa The 2016 October Surprise?
Charles Burris
Most persons in the US have never heard of the Spanish renewable energy and engineering giant Abengoa. That’s exactly how the DC cronyists and mainstream media like it. But the Abengoa bankruptcy scandal may erupt to be the October Surprise of 2016. It’s 100X as large as Solyndra. Abengoa was the for profit arm of the Clinton Climate agenda. Check out t he major players from the Rockefeller Foundation, MacArthur Foundation, The Brookings Institute, HUD, Fannie Mae, NSA, CIA veterans, etc. They were bankrupt in 2009 but hid it for 7 years playing games and looting banks and shareholders since. No more games.
- The world player in solar and wind power, biofuels and water
management announced last year that it was filing for preliminary
protection from creditors following years of frenzied, unsustainable
expansion worldwide. It has launched a recovery plan that includes the
sale of biofuels assets and other non-strategic holdings, as well as job
cuts it has already shed at least 11,000 jobs since the end of last
year and finalised a debt restructuring deal in August. The group now
has until October 25 for creditors and investors to sign off on the deal,
which would see it receive a cash injection of 650 million euros on top
of loans already granted to the company. Abengoa’s billions-strong debt
has affected many of its projects around the world, which it has either
been unable to keep constructing or operating.
HT to Steve Smith
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