2012 Democratic National Convention

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The 2012 Democratic National Convention will be held in Charlotte, North Carolina.

Line of credit from Duke

In March 2011 Politico reported reported that Duke Energy had agreed to provide a $10 million line of credit to the Democratic Party's 2012 convention in Charlotte. Duke Energy is headquartered in Charlotte. "Duke Energy was actively involved in recruiting the Democratic National Convention to Charlotte," company spokesman Tom Williams told POLITICO. "As a part of the application process, the DNC required there be a letter of credit, a line of credit, ultimately available if the host city was selected. … And our corporation stepped up."[1] The Center for Public Integrity reported that some environmentalists "see the move as an attempt by Duke to curry favor with the party controlling the White House. After all, there’s a long list of pending federal environmental rules that would have a direct impact on the utility industry — regulating against greenhouse gas emissions, for instance, and classifying coal ash as a hazardous waste."[2]

Articles and resources

References

  1. Jennifer Epstein, "Republicans cry foul over Democratic National Convention credit line", Politico, March 14, 2011.
  2. Kristen Lombardi, "Stimulus recipient, polluter gives Dems $10 million credit line", Center for Public Integrity, March 17, 2011.

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