Former Treasury Secretary Timothy Geithner's Warburg Pincus May Profit from Tar Sands Exports

[RufusTFirefly]

Former Treasury Secretary Timothy Geithner's Warburg Pincus May Profit from Tar Sands Exports

By Steve Horn

Several environmental groups have filed a lawsuit against the U.S. Department of State and Secretary John Kerry over the permitting of a controversial border-crossing northern leg of a pipeline system that DeSmogBlog has called Enbridge's “Keystone XL Clone.”
...

“The only thing worse than dirty oil is dirty oil backed by dirty tricks. This is the fossil fuel equivalent of money laundering,” Kieran Suckling, executive director of the Center for Biological Diversity, said in a press release announcing the lawsuit. “The Obama administration should be ashamed of itself for letting Enbridge illegally pump more dirty tar sands oil into the United States.”

The maneuver has a key beneficiary: former Obama Administration Secretary of the Treasury, Timothy Geithner, who now serves as President of the private equity giant Warburg Pincus.

Geithner's connection to the lawsuit not only adds intrigue, but also reveals the purpose of Enbridge's Keystone XL Clone: an export fast-track to the global market.

More at Desmogblog

[RiverLover]

1. Did you post this at GD also? This needs to be shared with as many as possible!

Such underhanded greedy effing bastards. Playing with our planet & health like its just a game of monopoly. Grrr

Thanks for posting. Better to know than be in the dark.

[RufusTFirefly]

2. Done.

Thanks for the suggestion!

[RiverLover]

4. It needs a catchy name like "Keystone XL" for most to catch on to this, I guess.

You tried.

[RufusTFirefly]

5. Long-term inhabitability of the planet for humans isn't sexy enough apparently

Perhaps I should've temporarily changed Geithner's last name to Kardashian.

[RiverLover]

6. LOL!!!! Yes, that's along the lines of what I was thinking.

But you were funnier.

[Demeter]

3. Imagine that! The Revolving Door between Washington and the corner suite is greased

by dirty tar sands....and poor Timmy fell in the well!