Oct. 11th, 2011

merig00: (Default)
Coming on the heels of the Solyndra
debacle, the Obama administration has just approved a $168.9 million
loan guarantee for the Granite Reliable wind farm project owned by
Brookfield Asset Management (BAM).

Among its many holdings BAM owns Brookfield Renewable Power, which
owns the Granite Reliable and it also owns Brookfield Office Properties,
whose holdings include the now famous Zuccotti Park.


The Department of Energy finalized the loan guarantee
less than a week after Occupy Wall Street protesters took to Zuccotti
Park, and with the Obama administration's Tuesday endorsement of the
protests, rumors are starting to circulate that this could be the reason Brookfield is allowing protesters to remain on its property.


The Granite Reliable Power Project under construction in Coos Bay, New Hampshire is the state's largest wind farm and the New Hampshire Union Leader questions why Brookfield would need federal subsidies at all, particularly following the bankruptcy of Solyndra.


Mayor Bloomberg's announcement Monday that protesters could remain as
long as they liked, also raised a few eyebrows and it turns out he has a
personal connection to Brookfield as well. The mayor's longtime
domestic partner Diana Taylor is on the Board of Directors at Brookfield Properties along with John E. Zuccotti himself.

http://www.businessinsider.com/occupy-wall-street-brookfield-properties-zuccotti-park-loan-guarantee-2011-10

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