May 08, 2015

Foreign Ex-Im Bank Beneficiary Hosts Lavish Clinton Foundation Event

Post by Freedom Partners

This week the Clinton Foundation held an event at a five-star luxury hotel in Morocco.

The event was hosted and funded by OCP, a Moroccan government-owned mining corporation that has been criticized for “serious human rights violations” by the Robert F. Kennedy Center for Justice, specifically for removing resources “without adequately compensating the impoverished people who live there.”

The lavish conference for major American politicians aside, OCP also managed to secure more than $92 million in Export-Import Bank subsidies in 2014 alone. And, in yet another coincidence, Democrat presidential candidate Hillary Clinton remains a staunch Ex-Im supporter. It was great deal for this company, the Moroccan government, and the Clintons—but a bad deal for American taxpayers.

Freedom Partners spokesman James Davis issued the following statement:

“American taxpayers are subsidizing the foreign corporation that funded this week’s Clinton Foundation event. The Export-Import Bank authorized more than $92 million in subsidies for OCP, a foreign government-owned mining corporation, and somehow the company can afford to pump more than $1 million into the Clinton Foundation. It’s no wonder Hillary Clinton supports the New Deal-era program: the bank props up foreign companies, and foreign companies prop up the Clinton Foundation. We urge Congress to take a principled stand against Ex-Im instead of with Hillary Clinton and the corporate special interests pushing for its reauthorization.”

This Week’s Clinton Foundation Event Was Funded By A Multimillion-Dollar Foreign Ex-Im Beneficiary:

The State-Owned Corporation Funded The Event With More Than $1 Million. “The Clinton Foundation is accepting a major donation from a Moroccan government-owned company to hold a high-profile conference next month in Marrakech with the king of Morocco — an event likely to reignite concerns about the foundation’s acceptance of foreign money just as Hillary Clinton prepares to announce her presidential candidacy. . . . The event is being funded largely by a contribution of at least $1 million from OCP, a phosphate exporter owned by Morocco’s constitutional monarchy, according to multiple sources with direct knowledge of the event.” (Kenneth Vogel, “Moroccan Cash Flows To Clinton Foundation,” Politico, 04/08/15)

The Clinton Foundation Will Start Limiting How Much It Accepts In Foreign Donations . . . But Only After This Event. “The Clinton Foundation — facing mounting criticism for accepting foreign funding and struggling to raise money for a planned June conference in Greece — has agreed to limit, but not eliminate, donations from foreign governments. It also announced plans Wednesday to suspend its overseas conferences — including the one in Athens — beginning in June as part of a set of reforms aimed at quieting complaints that the charitable organization’s fundraising activities could compromise Hillary Clinton’s independence as she runs for president.” (Josh Gerstein and Kenneth Vogel, “Clinton Foundation Limits Foreign Donations,” Politico, 04/15/15)

The Corporation Has Been Accused Of “Serious Human Rights Violations” And Removing Resources “Without Adequately Compensating The Impoverished People Who Live There.” “Former President Bill Clinton and the Clinton Foundation’s Global Initiative are being hosted this week at a five-star luxury hotel in Morocco by one of the world’s most controversial mining companies, criticized for ‘serious human rights violations’ by the Robert F. Kennedy Center for Justice. The Moroccan government-owned mining company OCP operates in disputed international territory in a remote part of the Sahara Desert, and the firm has been criticized for removing the resources without adequately compensating the impoverished people who live there.” (Matthew Mosk, Brian Epstein, and Brian Ross, “Clinton Foundation Event In Morocco Bankrolled By Controversial Mining Firm,” Yahoo! News, 05/06/15)

In 2014, The Export-Import Provided The Corporation With More Than $92 Million In Subsidies. (“Fiscal Year 2014 Authorizations,” Export-Import Bank of the United States, Accessed 05/08/15)

Hillary Clinton Is A Longtime Supporter Of The Export-Import Bank

Hillary Clinton On The Export-Import Bank: “I’m a very strong supporter of the Ex-Im Bank, because it is a tool for us to be competitive in order to support our businesses exporting.” (Maggie Haberman, “Hillary Clinton Backs Ex-Im Bank,” Politico, 11/15/14)