Saturday, May 26, 2018

Energy loan watchdog an Obama donor

WASHINGTON — A veteran Wall Street executive who performed an independent review that exonerated the Obama administration's program of loans to energy companies contributed $52,500 to re-elect President Barack Obama in the months since completing his work, according to an Associated Press review of campaign records. The executive defended the integrity of his conclusions and said he decided to donate to Obama after his work was finished.

The campaign contributions to Obama started just weeks after Herbert M. Allison Jr., in congressional testimony in March, minimized concerns that the Energy Department was at high risk in more than $23 billion in federal loans awarded to green energy firms. Two weeks later, Allison began giving to the Obama campaign. His contributions to Obama and the Democratic National Committee totaled $52,500 by last month.

Allison did not make any Obama donations during his four-month review of Energy Department loans, and he has a long history of working with and giving money to both political parties. However, Republican Party officials and congressional critics of the energy loans said Allison's donations to Obama raise doubts about his objectivity and highlight his decision not to assess multimillion-dollar loans to two companies that later went into bankruptcy — the troubled Solyndra solar panel company and Beacon Power, an energy storage firm.

Allison defended the integrity of his review.

"I was on the record with the White House that this had to be a completely independent review and they agreed," he said Wednesday. "It didn't hew to anybody's political persuasion, I think, and it had to be fully factual or it wouldn't be credible."

Comments
Cavs' Love has head injury, status for Game 7 unknown

Cavs' Love has head injury, status for Game 7 unknown

Cavaliers All-Star forward Kevin Love uncertain for Game 7 after blow to the head in Game 6 of the Eastern Conference finals
Updated: 1 hour ago

Friday's Sports in Brief

Friday's Sports in Brief
Updated: 1 hour ago
Ireland: Exit polls predict win for repealing abortion ban

Ireland: Exit polls predict win for repealing abortion ban

Official counting is set to begin in Ireland's historic abortion rights referendum, with two exit polls predicting an overwhelming victory for those seeking to end the country's strict ban
Updated: 2 hours ago
Ireland: Exit polls predict win for repealing abortion ban

Ireland: Exit polls predict win for repealing abortion ban

Official counting is set to begin in Ireland's historic abortion rights referendum, with two exit polls predicting an overwhelming victory for those seeking to end the country's strict ban
Updated: 2 hours ago

India military says 4 militants killed near Kashmir frontier

The Indian military says soldiers have killed at least four suspected militants in a gunbattle after they crossed into the Indian-controlled part of Kashmir from the Pakistani side of the disputed territory
Updated: 2 hours ago
Column: Danica squanders chance to leave truly lasting mark

Column: Danica squanders chance to leave truly lasting mark

Column: After a career that began with so much promise, Danica Patrick races for the final time having failed to leave a truly lasting mark on her sport _ especially for women coming along in the rearview mirror.
Updated: 2 hours ago

China orders crackdown on large outdoor religious statues

China ruling Communist Party has ordered local government to better regulate the construction of large outdoor religious statues amid increasing restrictions on religious expression of all kinds
Updated: 2 hours ago
LEADING OFF: Yankees to activate Bird, Red Sox cut Hanley

LEADING OFF: Yankees to activate Bird, Red Sox cut Hanley

LEADING OFF: Yankees set to activate Bird, Red Sox cut Hanley
Updated: 2 hours ago
Summit or not, giant gulf separates US-NKorea on nukes

Summit or not, giant gulf separates US-NKorea on nukes

Summit or not, giant gulf separates US and North Korea on nukes
Updated: 2 hours ago

AP Top News at 1:57 a.m. EDT

AP Top News at 1:57 a.m. EDT
Updated: 2 hours ago