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Kentucky Senate committee chairman demands Braidy Industries appear before lawmakers
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Candidate
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| Contributor | ev0lv |
| Last Edited | ev0lv Feb 05, 2020 01:49pm |
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| Category | News |
| Author | Joe Sonka |
| Media | Newspaper - Kentucky Courier Journal |
| News Date | Tuesday, February 4, 2020 06:40:00 PM UTC0:0 |
| Description | FRANKFORT — Amid a recent leadership struggle at Braidy Industries, the chairman of a Kentucky Senate committee is demanding the company appear before committee members next week.
Sen. Chris McDaniel, R-Taylor Mill, the chairman of the Senate Appropriations and Revenue Committee, said Tuesday that Braidy has ducked his requests to appear before the committee over the past two months.
Braidy Industries announced in 2017 it would build a $1.7 billion aluminum rolling mill near Ashland, with the state investing $15 million of initial funding in the project.
Braidy is still attempting to raise hundreds of millions of private dollars for the project, and now faces more uncertainty after the acrimonious removal of CEO and board of directors Chairman Craig Bouchard last week.
"I have told them that they will be here next Tuesday at 9 a.m.," McDaniel said. "That with the ongoing confusion surrounding that project, the investment of taxpayer dollars, it is imperative that they will be here next Tuesday."
McDaniel said Braidy Industries leadership initially told him they would not appear before the committee, then subsequently agreed to have Bouchard present at their first meeting in January.
However, McDaniel said a later email from Braidy explained Bouchard would appear only if the meeting was held in private without the media present, which McDaniel said "was not an acceptable solution."
The Jan. 11 email, sent from a Braidy Industries representative to a committee staffer, reads: "We won't allow the press to participate. The shareholder suit is still in the courts. Counsel guides our media participation until the suits are dismissed."
In response to McDaniel's comments Tuesday, a spokesperson for Braidy Industries stated that its leadership "looks forward to giving the committee an update. We are working with the Kentucky Senate to find a date that works for both parties in the near future.”
The spokesperson also clarified that there is no |
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