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Bermudian firm funnels money to Fracking Opposition Groups in US

January 29, 2015 - Author: bdadmin

Ever wonder where liberal protestors get their money?

It’s an all too seldom reported story. Television stories create the illusion that liberal activism is a purely populist, purely egalitarian endeavor – lots of ordinary folks so riled up over an issue that they’ve momentarily abandoned their normal routine to march with a sign they just made.

Fracking opposition groups in USA getting funds from Bermuda company.

Bermuda company funnels tens of millions of dollars to environmental groups who oppose fracking in the USA. Why?

But just as millions of us who plug away at our jobs have begun to enjoy lower pump prices, recent apparently grassroots attacks on our fracking industry may, in fact, be partially funded by Russian oil interests. The Washington Free Beacon has uncovered a tangled connection between a firm in Bermuda and U.S. environmental groups that oppose fracking.

A shadowy Bermudan company that has funneled tens of millions of dollars to anti-fracking environmentalist groups in the United States is run by executives with deep ties to Russian oil interests and offshore money laundering schemes involving members of President Vladimir Putin’s inner circle.

One of those executives, Nicholas Hoskins, is a director at a hedge fund management firm that has invested heavily in Russian oil and gas. He is also senior counsel at the Bermudan law firm Wakefield Quin and the vice president of a London-based investment firm whose president until recently chaired the board of the state-owned Russian oil company Rosneft.

In addition to those roles, Hoskins is a director at a company called Klein Ltd. No one knows where that firm’s money comes from. Its only publicly documented activities have been transfers of $23 million to U.S. environmentalist groups that push policies that would hamstring surging American oil and gas production, which has hurt Russia’s energy-reliant economy.

It looks like this is coming to light in part by push-back from the EPA – no, unfortunately, the Energy Policy Alliance:

The Environmental Policy Alliance, which provided the Washington Free Beacon with a copy of an upcoming report on Klein Ltd.’s Kremlin ties, said Wakefield Quin’s ties to environmental financiers and Russian oil barons merit closer scrutiny.

Bermuda Business

Front Street in Hamilton, Bermuda is home to many 100s of companies and business offices.

“The American public deserves to know whether environmentalists are attacking US energy companies at the behest of a Russian government that would like nothing more than to see their international competition weakened,” Will Coggin, a senior research analyst at the EPA, said in an emailed statement.

“In the face of mounting evidence, environmental groups are going to have to start answering hard questions about their international funding sources,” Coggin said.

A GOP congress would do well to investigate and educate the public on the funding behind so many of the special interest groups that fund the Democratic Party. Maybe they should be as interested in that as the IRS was in Tea Party finances and donors.

“Made for TV” is a key Democrat strategy. The truth would be a refreshing reality show.

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Ben Ainslie Racing Team is here!

January 18, 2015 - Author: bdadmin

According to a story in the Royal Gazette, Sir Ben Ainslie is set to arrive today.  He flies in to join his team who has been here assembling two NACRA F20 – 20 foot foiling catamarans.

Here is an excerpt from

The ‘Ben Ainslie team’ has been here setting up two of his catamarans and Sir Ben, himself, is due to arrive today!

Ben Ainslie arrives in Bermuda for the America's Cup 2017.

Sir Ben Ainslie is due to arrive and join his racing team here in Bermuda, today! They are the first to bring their boats to the island.

Sir Ainslie has been pretty vocal about the fact that he preferred Bermuda over its hosting rival, San Diego.  He has stated that the British team would prefer that Bermuda host the 2017 America’s Cup given its “connections with the UK,” according to multiple international media reports.

The Olympic sailor is no stranger to Bermuda, having sailed here many times before, as well as participated in sailing clinics with youth sailors.

“I haven’t sailed that much in San Diego but I have in Bermuda for the Gold Cup and I think that it [the weather] would be a great challenge for the teams,” he said. “It’s pretty variable, so from a design point of view it would be a pretty big challenge for everybody.”

Said BAR team member Jonathan Goring about the boats:

They are regarded as the ultimate racing catamaran.  The NACRA F20 is designed for inshore and coastal racing and is equipped with a flight-controlling system making it capable of reaching speeds approaching 30mph. “They are ideal for training because they are small, fast, foiling boats,” Mr Goring said.

“They are much more twitchy than the bigger boats, so they are more sensitive.”

More team members are due to arrive on Island today (Sunday 1/18/15), among them team principal and skipper Sir Ben Ainslie, the most decorated sailor in Olympic history.

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