Joule Unlimited, a secretive green energy company that appears to have placed a big bet hiring Democratic insider John Podesta to its board, appears to have been doomed when former Secretary of State Hillary Clinton lost the 2016 election.
When the 2016 presidential election ended, senior company executives admitted the prospects for their renewable energy “biofuels” company evaporated. “We had a lot of prospects last year,” former Joule CEO Brian Baynes told BioFuels Digest in a rare interview in July. “But those new investor prospects walked away, particularly post-election.”
Dmitry Akhanov, the president and CEO of Rusnano USA Inc., a Kremlin-owned venture capital firm nicknamed “Putin’s child,” oversaw the Russian government’s investment in Joule and sat on its board along with two other Russians with ties to the Kremlin. Akhavov agreed that Clinton’s loss doomed the company.
“We lined up investors who were willing to buy the bonds, but after the elections, with some statements from the new administration regarding potential uncertainty, the future support of biofuels was stopped,” he told The Daily Caller News Foundation in an interview. “The company was not able to do the deal and it was one of the reasons why the company was closed.” (Read more from “Podesta’s ‘Green Company’ Forced to Close Because Hillary Lost the Election” HERE)