$1.2 Billion US Loan Guarantee To French Oil Corp. For CA Bankrupt Solar Project: Full Disclosure Network® Video Report

Sep 11, 2012, 06:07 ET from Full Disclosure Network

WASHINGTON, Sept. 11, 2012 /PRNewswire-USNewswire/ -- In a nine minute Full Disclosure Network® video news report International Security and Energy Policy Expert Alex Alexiev explains how the US Government, supported by San Luis Obispo County Board of Supervisors, pushed for approval of a $1.2 billion US loan guarantee to a huge French oil corporation to build a solar energy plant in San Luis Obispo, California.  The plant is to be built on a temporary location due to an environmental legal challenge that resulted in a court-ordered settlement that the plant will be closed after 50 years. Watch the video here: http://www.fulldisclosure.net/2012/09/u-s-energy-subsidies-are-destroying-economy/

French Oil Corporation and Outsourced Labor From Mexico
In the Full Disclosure Network video news report, Mr. Alexiev reveals details of how the California Solar Valley Ranch (CSVR) was purchased by French Oil Corporation "Total," from the U.S. Corporation SunPower, while on the brink of bankruptcy. The initial project approved by San Luis Obispo Board of Supervisors, was described as a job stimulus program, but according to Alexiev, all of the solar panels are slated to be produced in Mexico.  Alexiev describes the 12, low level permanent jobs that will be generated within San Luis Obispo County will result in a cost of $100 million per job to the taxpayers.

Energy Subsidies & Solar Mandates Doom The Economy
According to Alexiev, in addition to the twelve new permanent jobs, he says the major impact of the project will be the huge anticipated increases in energy costs to consumers, businesses and industries.  Pacific Gas and Electric who is providing energy to the area, has agreed to pay fifty percent above the market price to CSVR in a government mandated, long-term contract.

USA To Lead The Energy Revolution
Full Disclosure Network® also features Alex Alexiev in special cable television series entitled "USA To Lead the Energy Revolution" that is being featured on public cable television channels.  You can watch the entire series online at the Full Disclosure Network website at http://www.fulldisclosure.net/2012/08/usa-will-lead-the-energy-revolution/

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Contact:  Leslie Dutton, 310-822-4449, www.fulldisclosure.net

SOURCE Full Disclosure Network