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Three top President Obama appointees to the Export-Import Bank were negotiating to join Teneo, the Clinton-connected consulting firm, at the same time a Teneo client was lining up for itself the largest subsidy Ex-Im has ever given out, emails reveal.
Ex-Im emails, obtained through the Freedom of Information Act, also show Ex-Im officials asking (and occasionally obtaining) favors from Teneo co-founder Doug Band in his roles at the Clinton Foundation and the Clinton Global Initiative.
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Teneo is a Clinton-connected consulting firm with an investment-bank arm.
Clinton operatives Declan Kelly and Doug Band co-founded Teneo Holdings in Obama's first term. Bill Clinton served as the paid "honorary chairman" of Teneo while his wife was secretary of state. Teneo has employed dozens of alumni from the Clinton administration and Clinton campaigns. Teneo even employed Hillary confidante Huma Abedin while Abedin worked at the State Department.
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The previous year, Dow Chemical (whose CEO Andrew Liveris is close with Bill Clinton) had formed a joint venture with Saudi Aramco, the oil company owned by the Saudi royal family. The venture would involve a massive petrochemical plant in Saudi Arabia. By that point, Dow was a Teneo client, according to hacked emails published on Wikileaks.
One Dow investigator told federal officials, as Reuters put it, that "she was puzzled by a sharp increase in Dow's payments to a consulting company, Teneo Holdings. In 2011, Dow paid the consulting company $2.8 million; in 2012 … its payments to Teneo increased to at least $16 million."
You can read the rest at the link - it does mention a lunch date for U.S. Export/Import bank personnel (who would give the subsidy/loan to Dow/Teneo) with Presidents Clinton and Bush along with Tony Blair. The deal ended up falling through. But the article describes how it worked.
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