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Major Obama Bundler Steve Westly Rewarded With Convention Speech
Posted By Lachlan Markay On September 5, 2012 @ 3:31 pm In Scribe | Comments Disabled
Venture corporatist  Steve Westly benefitted personally and financially from President Obama’s push for green energy after supporting the president with major campaign contributions. Tonight he’ll take the stage in Charlotte, NC, for a high-profile speech.
Westly heads up the California-based venture capital firm the Westly Group. He bundled more than $500,000  for Obama’s 2008 campaign, and another $200,000 to $500,000  for his reelection effort. Westly co-chaired  the Obama campaign’s 2008 effort in California, and sat on the campaign’s National Finance Committee.
Westly now has a seat on a major Energy Department advisory board. He enjoys access  to top White House officials, including Valerie Jarrett, whom he warned of political fallout for the Obama administration in the event of a Solyndra bankruptcy.
According to the Center for Public Integrity , internal Energy Department emails show “how top donors, such as Westly, have the connections and the ability to weigh in” on the department’s decisions to finance green energy companies. Westly has refused to answer questions regarding a potential conflict of interest between his role at DOE and his numerous investments in companies that have received taxpayer support through that department.
The Westly Group backed Tesla Motors, an electric-vehicle company that received financing from the Energy Department.
“Government is not always bad and especially for something that is going to affect your business, you should be involved with it,” Westly reportedly  told  Tesla founder Marc Tarpenning. “He encouraged us to think about Washington.”
The Westly Group was quite brazen about its government-centric strategy.
“We believe that with the Obama administration, and other governments … committing hundreds of billions of dollars to clean tech, there has never been a better time to launch clean tech companies,” the company’s website stated . “The Westly Group is uniquely positioned to take advantage of this surge of interest and growth.”
Westly will speak at the convention during the 5 p.m. hour, according to a schedule  posted at Politico.
Correction: While Westly invested in numerous companies that received taxpayer funding, Solyndra was not one of them. Scribe regrets the error.
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2012/09/05/major-solyndra-investor-steve-westly-rewarded-with-convention-speech/
URLs in this post:
 Image: http://blog.heritage.org/wp-content/uploads/steve-westly1.jpg
 Venture corporatist: http://www.breitbart.com/Big-Government/2012/07/19/Markay-On-Venture-Coporatism
 more than $500,000: http://www.opensecrets.org/pres08/bundlers.php?id=N00009638
 $200,000 to $500,000: http://www.opensecrets.org/pres12/bundlers.php?id=N00009638
 co-chaired: http://westlygroup.com/team/
 enjoys access: http://abcnews.go.com/Blotter/obama-solyndra-hindsight-2020/story?id=14656360&singlePage=true#.UEeQf6RrOHw
 Center for Public Integrity: http://www.iwatchnews.org/2011/03/30/3845/green-bundler-golden-touch/
 schedule: http://www.politico.com/news/stories/0912/80643.html
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