Home Must Reads Chinese executive says Obama's wind farm halt a "political show"

Chinese executive says Obama's wind farm halt a "political show"

| Print |  Email
Must Reads
Friday, October 19, 2012

The Obama administration's decision to block a Chinese investment in an Oregon wind farm was called a "political show and bureaucratic nonsense" by a Chinese executive.

So said Wu Jinliang, deputy vice president at Sany Group yesterday at a press conference in Beijing, according to a report in today’s state-published Shanghai Daily. Plans by Sany affiliate Ralls Corp. to build four wind farms next to a navy base in the northwestern state were blocked on national security grounds, the first move of its kind in 22 years. Wu is the CEO of Ralls, and the Chinese investors are challenging the U.S. action in court, the newspaper said.

Ralls bought the then-approved farms from a Greek company earlier this year and stands to lose $20 million from the U.S. decision, according to the report in the Shanghai Daily.

Read more at Forbes.

{biztweet}wind farm oregon{/biztweet}

 

More Articles

What I'm Reading

October 2014
Thursday, September 25, 2014

Nick Herinckx, CEO of Obility, and Jake Weatherly, CEO of SheerID, share what they've been reading.


Read more...

Semiconductor purgatory

News
Monday, October 06, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Intel's manufacturing way station; Merkley's attack dog; Diamond Foods gets into the innovation business.


Read more...

Knight Vision

October 2014
Thursday, September 25, 2014
BY VIVIAN MCINERNY

Travis Knight wants to release a movie a year. Can he pull it off?


Read more...

The Rail Baron

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Oil is gushing out of the U.S. and Canada, and much of it is coming from places that don’t have pipeline infrastructure. So it’s being shipped by rail.


Read more...

Fast Food Slows Down

September 2014
Tuesday, August 26, 2014
BY KIM MOORE

The ubiquitous fast-food restaurant may be on the decline.


Read more...

Podcast: Turn Things Around with David Marquet

Contributed Blogs
Friday, October 17, 2014
davidmarquet thumbBY TOM COX | OB BLOGGER

How can you move from a command-and-control leadership model to one of true empowerment and accountability? David Marquet did, and he took notes along the way.


Read more...

Gone Fishing

October 2014
Thursday, September 25, 2014
BY LORI TOBIAS

Business has been good to Laura Anderson, leading some to suggest she must be awfully lucky to find such success in a business notorious for failure. But luck’s had little to do with it.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS