Chinese Company Blocked from building Wind Farms

[TheCommandTent]

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.

http://news.yahoo.com/obama-blocks-chinese-purchase-us-wind-farms-181230948.html


Thought this was an interesting story to share here.  I hope its a genuine interest in national security and not just an election year political move.  The most interesting to me is that this is the first time in 22 year a President has used this power.  (I didn't know he had this authority)

[LongBlade]

Good.