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Rick Wade on Energy & Oil

 


Head of China Operations for Green Tech Automotive

A native of Lancaster, South Carolina, Rick C. Wade is a founding partner of the Axelrod-Wade Group, a global business development firm, as well as Senior Vice President and Head of China Operations for Green Tech Automotive. A member of the Democratic National Committee (DNC), he also serves as a Senior Advisor to the Obama for America presidential campaign and the 2012 Democratic National Convention.
Source: Biography by the Univ. of South Carolina alumni association , Dec 13, 2013

V.P. of GreenTech Automotive, the "green car" company

Rick Wade is an exceptionally busy man. The former Obama cabinet official helped run the president's latest campaign while simultaneously serving as a Democratic Party executive and vice president of GreenTech Automotive, the "green car" company owned by Virginia gubernatorial candidate Terry McAuliffe. Besides Wade, the venture has attracted other high-profile political insiders: Bill Clinton appeared at a company launch party. Hillary Clinton's brother Anthony Rodham runs the firm's foreign-investor outreach. Former Republican National Committee chair and Mississippi Gov. Haley Barbour used a mix of grants and tax holidays to persuade McAuliffe to build GreenTech in Mississippi.
Source: Human Events magazine on 2014 South Carolina Senate race , Apr 24, 2013

$8B for new nuclear plants; plus offshore oil & gas drilling

The president recently said, "For decades we've talked about how our dependence on foreign oil threatens our economy--yet our will to act rises and falls with the price of a barrel of oil." And so, we are getting serious about energy security.

For the first time in three decades, we've greenlighted the construction of new nuclear power plants. A few weeks ago, the president announced $8 billion in loan guarantees for nuclear reactors in Georgia. There will be more to come.

We have opened up areas off the Atlantic seaboard and in the Gulf of Mexico for responsible exploration for oil and gas.

And we continue to push for comprehensive energy legislation that will put a price on carbon and send a signal to every entrepreneur in this country that clean energy can be the profitable kind of energy over the long-term.

Source: Remarks at US Regional Business Tour, Battle Creek, Michigan , Apr 6, 2010

Too many clean energy investors sit on the sidelines

We continue to push for comprehensive energy legislation that will put a price on carbon and send a signal to every entrepreneur in this country that clean energy can be the profitable kind of energy over the long-term. Today, we have too many clean energy investors sitting on the sidelines because there's no certainty in the marketplace. Because on the one hand everyone is talking up the potential of clean energy, but all the incentives--from our tax code to our regulations--favor the status quo: the exploration and production of fossil fuels that harm our environment, our economy and our security.
Source: Remarks at US Regional Business Tour, Battle Creek, Michigan , Apr 6, 2010

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Page last updated: Apr 18, 2014