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Tuesday
Jul082014

Rubens For US Senate - Latest Example of Shaheen Corporate Cronyism 

Rubens Statement on Shaheen/Steyer Climate Hypocrisy

Republican candidate for U.S. Senate Jim Rubens today called out Jeanne Shaheen for her career record collecting direct and indirect campaign cash for doing political favors for big energy interests, her latest infusion from hedge fund billionaire and climate hypocrite Tom Steyer.

Steyer, founder and partner of Farallon Capital Management, is highlighted in a July 4 New York Times article for having simultaneously pledged to spend $100 million to defeat candidates opposed to action on climate change and for personally profiting from investments in coal mines and coal-fired power plants in South Asia and Australia.

Rubens issued the following statement:
"Jeanne Shaheen's lifetime political career is built on corporate cronyism with big energy interests. She has used her powers in elected office to enrich and protect the reputations of her corporate benefactors. Case in point being her constant catering to powerful energy interests to the detriment of energy consumers and the people of New Hampshire.

"Now, Jeanne Shaheen has cozied up to hedge fund billionaire Tom Steyer in a calculated act of mutual greenwashing. Steyer gets cover for his coal profits. Shaheen gets Super PAC support from coal money. They are both using climate change as a partisan wedge issue to benefit Democrats and have frozen potential political progress on the issue."

Shaheen On Carbon
Both Steyer and Shaheen back President Obama's proposed EPA power plant carbon rule, which protects coal states and punishes New Hampshire. To reach the national goal of a 30 percent reduction in power plant carbon emissions by 2030, coal states West Virginia, Wyoming, and Kentucky are required to cut emissions by only 18-19 percent, with New Hampshire's mandated reductions at 46 percent.

Shaheen was a champion of the Kerry-Boxer cap & trade bill of 2009, a 1,758-page monster, written by industry lobbyists, chock-a-block full with special interest carve-outs and payoffs, and hyper-complex energy market distortions.

For the record, Jim Rubens is the single Republican candidate for U.S. Senate who accepts published climate science. He has proposed ending crony capitalism and Washington rent seeking by energy interests and instead allowing market forces to replace high-cost carbon based energy sources with lower cost, abundant and clean energy sources.

Shaheen on Northern Pass
Jeanne Shaheen has accepted campaign contributions from Northeast Utilities executives (see below), has straddled the Northern Pass transmission line issue and has failed to force a fair and open EIS scoping process so that all electricity supply alternatives are considered. Her failure to lead threatens the economy of the North Country, property values and, most importantly, property rights.

In contrast, Jim Rubens has taken an unambiguous position on Northern Pass. If it is to be built, it must be buried, preferably on state-owed rights of way with the ROW rental revenue benefiting New Hampshire taxpayers, not Northeast Utilities in Connecticut.

Shaheen on the PSNH Stranded Cost Bailout
As Governor, Jeanne Shaheen supported the PSNH stranded cost bailout of 2001, resulting in her electricity tax still being paid by PSNH ratepayers.

In contrast, Jim Rubens led the fight against this bailout while serving in the state senate.

Gregory B. Butler
Senior Vice President and General Counsel
Northeast Utilities

Thomas J. May
Chairman of the Board, President and Chief Executive Officer
Northeast Utilities

Leon J. Olivier
Executive Vice President and Chief Operating Officer
Northeast Utilities

Joseph R. Nolan
Senior Vice President of Corporate Relations
Northeast Utilities

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