The latest scandal centers on Persefoni, an emissions-tracking company that counts at least three high-ranking former Securities and Exchange Commission officials as members.
Which just might have something to do with how it seemingly won huge sway in writing a new SEC rule demanding companies above a certain size must hand over their CO2 emissions data .
The company, formed in 2020, is now poised to reap millions from firms flocking to purchase its services:The SEC took six meetings — six! — with the for-profit company as the rule was being written. Allison Herren Lee, appointed by President Joe Biden as acting chair of the SEC, was in charge of the public comment period around the new rule and stepped down in 2022 shortly before the rule was revealed.There, she joined Kristina Wyatt, another SEC honcho already on the board.
It’s easy to succeed in business when you’re best buds with the feds who make the rules you profit from! In 2022, the Biden administration approved a desert solar farm on 2,600 acres of public land in Southern California for Intersect Power. and its construction so far has outraged residents in the proposed farm area, with one saying “they have just raped the desert.”We’re sure the fact that CEO Sheldon Kimber gave Biden’s campaign $180,000 and helped raise another $3.
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