Wind farm scam a huge cover-up

Posted on May 2, 2012

Wind farm scam a huge cover-up | The Australian:

I went to investigate and was heartbroken by what I found. Until you’ve seen what it can do to people, it’s easy to dismiss wind turbine syndrome as a hypochondriac’s charter or an urban myth. But it’s real all right. Waterloo felt like a ghost town: shuttered houses and a dust-blown aura of sinister unease, as in a horror movie when something dreadful has happened to a previously ordinary, happy settlement and at first you’re not sure what. Then you look up on to the horizon and see them, turning slowly in the breeze . . .

Even more shocking than this, though, were my discoveries about the finance arrangements and behaviour of the wind farm companies. What we have here, I believe, is the biggest and most outrageous public affairs scandal of the 21st century — one in which the Gillard government is implicated and that far exceeds in seriousness and scope of the Slipper or Thomson sideshows.

At the heart of this scandal are the union superannuation funds that are using the wind farm scam as a kind of government-endorsed Ponzi scheme to fill their coffers at public expense. One of the biggest wind farm developers — Pacific Hydro — is owned by the union superfund Members Equity Bank. 

The entire article can be read at The Australian