‘It’s a business we can live on’ Italian businessman Angelo Salvatore told members of the mob in wiretapped conversations discussing how much money they could make off of all things green. Corruption and fraud in the green industry? Who would have ever seen that one coming? Glenn plays some ‘Godfather’ music on radio this morning as Pat busts out his infamous Al Gore impression to put the cherry on this unbelievable story.
The Washington Post reports:
Inside a midnight-blue BMW, a Sicilian entrepreneur delivered his pitch to the accused mafia boss. A new business was blowing into Italy that could spin wind and sunlight into gold, ensuring the future of the Earth as well as the Cosa Nostra: renewable energy.
“Uncle Vincenzo,” implored the businessman, Angelo Salvatore, using a term of affection for the alleged head of Sicily’s Gimbellina crime family, 79-year-old Vincenzo Funari. According to a transcript of their wiretapped conversation, Salvatore continued, “for the love of our sons, renewable energy is important. . . . it’s a business we can live on.”
The still-emerging links of the mafia to the once-booming wind and solar sector here are raising fresh questions about the use of government subsidies to fuel a shift toward cleaner energies, with critics claiming huge state incentives created excessive profits for companies and a market bubble ripe for fraud. China-based Suntech, the world’s largest solar panel maker, last month said it would need to restate more than two years of financial results because of allegedly fake capital put up to finance new plants in Italy. The discoveries here also follow so-called “eco-corruption” cases in Spain, where a number of companies stand accused of illegally tapping state aid.