Obama to Rule on Chinese-Owned Company’s Wind-Farm Bid

By Sara Forden, Bloomberg Business News:

President Barack Obama has final say on whether a Chinese-owned company can build wind farms near a U.S. Navy installation in Oregon, a government lawyer told a federal judge in Washington.

The statement by Justice Department lawyer Joel McElvain came yesterday at a hearing before U.S. District Judge Amy Berman Jackson, who is overseeing a lawsuit brought by Ralls Corp. that seeks to block a ruling of a Treasury-led national security panel. The Committee on Foreign Investment in the U.S., or CFIUS, rejected the wind farm project… Read more

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