Obama blocks Chinese purchase of US wind farms
Source: AP via HuffPo
WASHINGTON — Citing national security risks, President Barack Obama on Friday blocked a Chinese company from owning four wind farm projects in northern Oregon near a Navy base where the U.S. military flies unmanned drones and electronic-warfare planes on training missions.
It was the first time in 22 years that a U.S. president has blocked such a foreign business deal.
Obama's decision was likely to be another irritant in the increasingly tense economic relationship between the U.S. and China. It also comes against an election-year backdrop of intense criticism from Republican presidential challenger Mitt Romney, who accuses Obama of not being tough enough with China.
In his decision, Obama ordered Ralls Corp., a company owned by Chinese nationals, to divest its interest in the wind farms it purchased earlier this year near the Naval Weapons Systems Training Facility in Boardman, Ore.
Read more: http://www.huffingtonpost.com/huff-wires/20120928/us-obama-china/
= new reply since forum marked as read
- K&R
After all, DOLLARS are ultimately only worth what they can buy here, in the U.S.
[font color="navy" face="Verdana"]That didn't even occur to me until some time later.
Obviously, the President had all his reasons for banning the deal well thought out.
(Thankfully, he's a lot smarter than me! 
)
which is French and the gas supply by Centrica which as far as I'm aware is American. 
