Tiny Trump-Linked Firm in Line for $25B Nuclear Deal

[Nevilledog]

https://www.thedailybeast.com/tiny-trump-linked-firm-in-line-for-25b-nuclear-deal/

No paywall link
https://archive.li/KpRMl

A newly created energy company with deep ties to Trump donors is reportedly in the running for a $25 billion nuclear contract.

The firm, Entra1 Energy, has yet to bring a single nuclear project to completion, employs fewer than five people, and appears to operate from a WeWork co-working space in Houston, Texas, according to Politico.

Yet it was shortlisted last October in partnership with NuScale—a publicly traded nuclear company with a market value exceeding $4 billion—to build new energy infrastructure using a slice of the $550 billion Japan pledged to the Trump administration to avoid the president’s tariffs.

Wall Street analyst Joe Osha of Guggenheim Securities was blunt about the company’s stature in comments to Politico. Pushing back on NuScale’s characterization of Entra1 as a “global energy company,” Osha said, “In reality, it really just looks like it’s a couple of guys.”

One of “those guys,” Politico reported, is Entra1 CEO Wadie Habboush, who traveled to Tokyo in October to pose for photos with Trump while brandishing a memorandum of understanding making his company eligible for billions of dollars in “large scale baseload power infrastructure” funding.

*snip*

[AZJonnie]

1. Yes, but did you hear Hunter Biden maybe made an extra hundred grand a year maybe cause he was Biden's son?

Also, remember his laptop?!?

Now THAT was corruption, and Joe Biden shoulda been impeached!

[Kid Berwyn]

2. Scamerica Scamerica

Erdogan-tied businessman granted access to Trump through donor

by Rebecca Jacobs and Eli Lee
CREW.org, November 7, 2019

Excerpt...

Political access and backroom diplomacy

In January 2017, Wadie Habboush was the CEO of the Habboush Group, a family investment and construction company based in New York and Istanbul. That month, as Donald Trump prepared to assume the presidency, Habboush’s father, R.W. Habboush, gave two large political contributions totaling exactly $1 million.

On January 6, FEC records show that the elder Habboush gave a total of $334,000 to the Republican National Committee. Then, less than two weeks later, on the day before President Trump’s inauguration, he contributed an additional $666,000 to then-president-elect Donald Trump’s inaugural committee.

A review of FEC records by CREW indicates that before 2017, neither Habboush had ever reported any prior political donations.

Following his father’s gift to the inaugural committee, Wadie Habboush reportedly attended an inaugural dinner thrown by Tom Barrack, the committee’s chairman. According to the Washington Post, internal documents from the dinner listed Habboush as a guest of “DJT.”

Three weeks later, he and Gentry Beach, a Texas businessman who is a longtime friend of Donald Trump Jr., met with National Security Council officials and then-presidential advisor Steve Bannon at the White House. According to reports, Habboush and Beach pitched “a plan to build new relations between the United States and [Venezuelan President] Nicolás Maduro” and sought to end United States sanctions against Venezuela.

Snip...

Although Habboush’s attempt to conduct backroom diplomacy was eventually unsuccessful, his access to White House national security staff, seemingly gained through political patronage, raised major ethical concerns at the time.

Continues...

https://www.citizensforethics.org/reports-investigations/crew-investigations/turkish-businessman-access-trump-donor/

[mopinko]

3. maybe japan will pull out.

since the tariffs went down, they’d b smart to just bail.