Word: haney
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...Energy Department granted $9 million in research funds to Molten Metal Technology, its chairman donated $50,000 to the Nancy Gore Hunger Chair of Excellence in Global Environmental Studies. Knight, then actively lobbying the department for what was a nine-fold increase in the grants, thanked Molten chairman Bill Haney in a March 14 letter, calling the chair a "very personal priority for the Vice President" and adding, "I can assure you that your contribution will never be forgotten." Spokesmen for Gore, Knight, and Haney all deny any connection between the donations made on Nancy Gore's behalf...
...pitch. Along with a $7,000 monthly fee, Knight was given options to buy at least 40,000 shares of Molten, firm documents show. In an April 1996 letter awarding Knight more stock options as he was leaving to run the Clinton-Gore re-election bid, company president William Haney showed just how valuable he thought Knight would be to the company: "Our objective is to keep you...with us right up until you are Secretary of State...
...Haney, an environmental entrepreneur since his college days, when he launched a company to break down air pollutants, first went looking for government work in the last weeks of the Bush Administration. His technology, which neutralizes toxic detritus in a vat of iron heated to 3,000[degrees] F, seemed like a promising solution for the Energy Department's nuclear mess. So Molten Metal was chosen as one of 18 firms to obtain research grants. But even then there were some skeptical voices: Energy Department consultants warned in 1992 that Haney's process offered "no significant advantage" to "justify...
...Laboratory reported that the process was probably inappropriate for the kind of waste at most nuclear weapons sites. By late 1995, a technical peer-review panel said the department should cease funding Molten Metal at the end of the fiscal year. Another Energy Department panel concluded last December that Haney's technology poses environmental and safety risks and might not be cost-effective. The company disputes this, insisting its bath method is both technically sound and marketable...
...Administration will have to explain to the Republicans its largesse toward Molten Metal. Last Friday, House Commerce Committee chairman Tom Bliley of Virginia opened an investigation into the company's federal contracts. In a letter to Energy Secretary Federico Pena, he noted "troubling issues," including the continued funding of Haney's technology "in light of its apparent technical and commercial limitations." It is an inquiry that is sure to creep close to the Vice President's door...