LatinsforPaul
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This is really why Trump attacked Vivek yesterday for the first time.
Gov. Terry Branstad has a bad habit of putting businessmen who file for bankruptcy in charge of the Iowa Board of Regents, from which they launch strategic plans to imperil higher education. During his first tenure as governor, Branstad installed Republican fundraiser Marvin Pomerantz as chairman of the board that governs our three state universities, plus the schools for the blind and deaf.
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Comes now Branstad in a second iteration with another expert in bankruptcy, Bruce Rastetter of Alden, heading the regents. He and Branstad cooked up a plan to finance the state universities by the ratio of Iowa students they serve. The University of Iowa had built up a nice business in over-charging wealthy Chicagoland students for an undergraduate degree at a Big 10 school in a party-crazy town. UNI and the private colleges catered primarily to resident Iowa undergrads. The private colleges, a bulwark of the state economy and culture, have been complaining about this latest funding plan to anyone who will listen.
Rastetter may have used Pomerantz as an example of how to get wealthy by running businesses into the ground. His first big splash was in rounding up a ton of Wall Street money to invest in corporate-owned hog raising facilities in north central Iowa. Heartland Pork Enterprises was not bankrupt but it did lose money five out of its last seven years, including a $23 million loss in its final year, according to the Waterloo Courier. Rastetter insisted the company was not near bankruptcy. He sold it to Christensen Farms of Sleepy Eye, Minn., and walked away with a fortune.
Then he went out to New York again to get more cash out of the smart money. This time he sunk it into ethanol. That company did go bankrupt. Hard times, you know.
Rastetter did not have to go take a job trimming pork at the Waterloo Tyson plant. He just kept counting his millions and wondering how to blow them. Rastetter gave a lot of money to Republicans. He gave $2.5 million to Iowa State. And, by golly, he became chairman of the Iowa Board of Regents.
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More: https://www.stormlake.com/articles/bankruptcy-and-branstad/
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This is really why Trump attacked Vivek yesterday for the first time.
Yes, the Iowa Christian crowd loves the demon-worshipping Indian.
So many angles and characters to keep track of, $#@!.
Summit Carbon Solutions LLC is not giving up on obtaining the permits for a five-state, 2,000-mile CO2 pipeline on which it has sunk hundreds of millions of dollars for easement agreements, despite a competitor's decision to quit over the permitting uncertainty.
The possibility that Summit will run up against the same issues as Navigator CO2 Ventures LLC is a "fair question," CEO Lee Blank said in an interview. However, "I think the project has enough relevance and importance that I don't believe that will happen."
Iowa-headquartered farm management company Summit Agricultural Group, the investor backing Summit Carbon Solutions, secured financing in 2021 to build a carbon capture network, transporting emissions from ethanol plants across the US Midwest to a permanent storage site in North Dakota. About the same time, asset manager BlackRock Inc. and petroleum producer Valero Energy Corp. launched a similar project under the name Navigator that would store CO2 in Illinois. The proposed pipeline networks had overlapping routes in South Dakota, Nebraska, Iowa and Minnesota.
On Oct. 20, Navigator scrapped its 1,300-mile project, dubbed Heartland Greenway, a few weeks after South Dakota regulators denied the developer a siting permit. Navigator said the cancellation came down to the "unpredictable nature" of state and local regulatory proceedings, particularly in South Dakota and Iowa.
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The Midwest's CO2 pipeline developments are encouraged by federal subsidies, newly expanded under the Inflation Reduction Act of 2022, for carbon capture and the production of sustainable aviation fuel (SAF) such as ethanol.
To meet the emissions standards of the "clean" fuel, ethanol producers capture their carbon emissions while adhering to other sustainability requirements, such as limiting land use and using zero-carbon hydrogen to make fertilizer. As such, dozens of ethanol plants have signed agreements with Summit to offload their CO2.
"Without our project, there is no SAF," Blank said. "That's a pretty grand statement, but it's real."
Summit plans to earn revenue by selling tax credits awarded per metric ton of CO2 captured and carbon offsets on the voluntary carbon market, Blank said. In April, Summit and two other carbon removal companies signed a procurement agreement that will commit them to remove a combined 193,125 metric tons of CO2 from the atmosphere.
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https://www.spglobal.com/marketinte...lding-of-fellow-co2-pipeline-project-78096880
Ethanol, CO2 and carbon credits. Looks like Trump's new friend has made a career out of playing the "green agenda"...
Yes, exactly. There is nothing to see here (unfortunately)Trump will get 60%, Vivek and Haley 15-20% each.
A real yawner.
Politics makes strange bedfellows.Ethanol, CO2 and carbon credits. Looks like Trump's new friend has made a career out of playing the "green agenda"...
TDS has become Total Delusion Syndrome.
Politics makes strange bedfellows.
And Swampy's connections are worse.