Quote:
Originally posted by mbz380se
Oil at $8 to $12 per barrel?
Someone give these people some more research funding...fast!
-Sam
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The article claims that Paladin is funding them, though they don't have a board seat. Paladin's an interesting group. Their first fund reportedly consists of union pension funds as investors, hence their interest in investing in "worker friendly" companies. Changing World isn't listed as a portfolio company of that fund. Paladin has raised a second fund, dedicated to "homeland defense" deals; apparently this investment falls into that category, if it's been made.
Changing World's EVP was a former Assistant Sec. of Defense for International Security Affairs in the Clinton administration, and James Woolsey, former director of the CIA (and a Principal of Paladin) sits on their advisory board. This company is pretty wired in D.C.