Power giant Duke Energy is subsidizing the Democratic National Convention by guaranteeing a $10 million line of credit for the convention. The convention, like all recent major-party conventions, will basically be a political commercial for the party’s nominee — President Barack Obama.


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Duke is one of the biggest businesses in Charlotte, where the convention will be. But it is also a very political and politically connected company that stands to profit off of a friendly politician in the White House.

Duke has lobbied for and stands to profit from the sort of cap-and-trade policies President Obama supports, as well as other Obama green-energy subsidies. Specifically, Duke has pocketed $230 million in taxpayer money from Obama’s stimulus, according to the Washigton Free Beacon‘s Andrew Stiles.

Read more at the Washington Examiner.

 

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by WesternJournalism.com.


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