Mafia's new business enterprise: renewable energy

Rick Moran
Willie Sutton, a notorious thief from the 1930's, was once asked why he robbed banks. "Because that's where the money is," he replied. So where's the money today? Government subsidies for renewable energy - massive subsidies with little oversight. In Europe, this means easy pickings for organized crime. And the Sicilian mafia is cleaning up. Washington Post: The still-emerging links of the mafia to the once-booming wind and solar sector here are raising fresh questions about the use of government subsidies to fuel a shift toward cleaner energies, with critics claiming huge state incentives created excessive profits for companies and a market bubble ripe for fraud. China-based Suntech, the world's largest solar panel maker, last month said it would need to restate more than two years of financial results because of allegedly fake capital put up to finance new plants in Italy. The discoveries here also follow so-called "eco-corruption" cases in Spain, where a number of...(Read Full Post)

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