Follow the money in the renewables industry.
Revelations that a hedge fund owned by Democratic Party megadonor James Simons invested heavily in several solar energy companies while his close friend, US Senate Majority Leader Chuck Schumer (D-NY), boosted the Biden administration’s Inflation Reduction Act (IRA) raise questions about not only the ties between the two men but also between climate ideology and special monied interests. Inflation has soared due to massive federal spending on renewable energy technologies that greatly enriched the industry on President Joe Biden’s watch. The Schumer-Simons connection casts a shade on congressional ethics while revealing conflicts of interest within a lucrative industry that has exploded in response to claims of climate change urgency.
