Leaks are now coming out from the book “Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich,” by Peter Schweizer, which is supposed to hit the shelves May 5th. The book is supposed to cover controversial donations made to the Clinton Foundation.
The book “tries to draw connections between Clinton Foundation donations and speaking fees and Hillary Clinton’s actions as Secretary of State,” writes Politico.
Recently, the New York Times wrote about an instance from that book regarding the uranium industry.
In January, 2013, an article in the Russian newspaper Pravda described how the Russian atomic energy agency Rosatom had taken over a Canadian company with uranium-mining rights stretching from Central Asia to the American West. The deal made Rosatom one of the world’s largest uranium producers. It also brought Russian President Putin closer to his goal of controlling much of the global uranium supply chain.
But there is an untold story behind that story that involves not just the Russian president, but also The Clinton Foundation.
Several people, leaders of the Canadian mining industry, have been major donors to the charity run by former President Bill Clinton and his family.
Members of that group built, financed, and eventually sold off to the Russians a company that would become known as Uranium One.
The sale gave the Russians control of very lucrative mines in Kazakhstan as well as one-fifth of all uranium production capacity in the United States. Uranium One has mining operations in Australia as well.
Since uranium is considered a strategic asset with implications for national security, the deal had to be approved by a committee composed of representatives from a number of United States government agencies – including the State Department.
The State Department was at that time headed by Hillary Clinton.
As the Russians gradually assumed control of Uranium One in three separate transactions from 2009 to 2013, Canadian records show that a flow of cash made its way to the Clinton Foundation. Uranium One’s chairman used his family foundation to make four donations totaling $2.35 million. According to the New York Times, those contributions were not publicly disclosed by the Clintons, despite an agreement Mrs. Clinton had struck with the Obama White House to publicly identify all donors.
Other people with ties to the company made donations as well.
shortly after the Russians announced their intention to acquire a majority stake in Uranium One, Mr. Clinton received $500,000 for a Moscow speech from a Russian investment bank with links to the Kremlin that was promoting Uranium One stock.
At the time, both Rosatom and the United States government made promises intended to ease concerns about ceding control of the company’s assets to the Russians. Those promises have been repeatedly broken, records show.
The New York Times claims its examination of the Uranium One deal is based on dozens of interviews, as well as a review of public records and securities filings in Canada, Russia, and the United States. Some of the connections between Uranium One and the Clinton Foundation were unearthed by Peter Schweizer, a former fellow at the right-leaning Hoover Institution and author of book previously mentioned. He is currently the president of the Government Accountability Institute, a conservative research group. Schweizer provided a preview of material in the book to The New York Times.
Whether the donations played any role in the approval of the uranium deal is unknown. However, the episode underscores the special ethical challenges presented by the Clinton Foundation, headed by a former president who relied heavily on foreign cash to accumulate $250 million in assets even as his wife helped steer American foreign policy as secretary of state.
In their defense, Brian Fallon, a spokesman for Mrs. Clinton’s presidential campaign, said no one “has ever produced a shred of evidence supporting the theory that Hillary Clinton ever took action as secretary of state to support the interests of donors to the Clinton Foundation.”
Fallon emphasized that multiple United States agencies, as well as the Canadian government, had signed off on the deal and that, in general, such matters were handled at a level below the secretary.
More:
http://www.nytimes.com/2015/04/24/us/cash-flowed-to-clinton-foundation-as-russians-pressed-for-control-of-uranium-company.html
(Updated article)
This is how it works. Politicians need money to run a campaign to get elected to office.
OK, Fine. 