A top Obama administration official who’s helping lead a campaign for energy conservation has a major financial interest in two companies that are poised to benefit from the government’s spending.
Cathy Zoi, the assistant secretary of energy for energy efficiency and renewable energy, owns between $250,000 and $500,000 worth of stock in Landis+Gyr, a Swiss-based manufacturer of special electric meters that are used to create an efficient “smart” grid of electricity use.
Her husband, Robin Roy, owns options on at least 120,000 shares of Serious Materials, a leading manufacturer of energy-efficient windows that’s been singled out for praise by President Barack Obama and Vice President Joe Biden. As an officer of the company, Roy receives options on an additional 2,500 shares every month and will continue to do so until October 2012.
Both companies, particularly Serious Materials, are well positioned to profit from a broad government push for energy conservation, including some of the more than $16 billion for “green” energy initiatives in last year’s America Recovery and Reinvestment Act.
Obama singled out Serious last year, saying it was creating jobs at a time the country sorely needed them.
Read More: McClatchy Newspapers