Obama Bars Chinese Co.'s Wind Farm Buy, Citing Security

Law360, New York (September 28, 2012, 8:34 PM EDT) -- President Barack Obama on Friday blocked a company owned by Chinese nationals from acquiring four wind farm project companies in Oregon, saying the deal might threaten U.S. national security.

In an executive order issued late in the day, Obama barred Ralls Corp., a Delaware company owned by two Chinese manufacturers, from completing its purchase of the projects, all of which are located near a Navy weapons training facility in Boardman, Ore.

Ralls said in March it would buy the wind farm companies from a subsidiary of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.