Reps Bought Pipeline Stocks Before Passing the Infrastructure Bill
While Congress considered infrastructure and climate legislation last year, reps kept up a stream of trades in oil and gas pipeline company stocks.
Page 5
While Congress considered infrastructure and climate legislation last year, reps kept up a stream of trades in oil and gas pipeline company stocks.
Reps among the top oil and gas investors in Congress bought more shares in pipeline companies as the House moved to pass the bipartisan infrastructure bill.
Her group, which held its first event earlier this year, shares an executive director with a nonprofit funded by ExxonMobil and Dow Chemical to advocate for carbon pricing legislation.
The senator is opposing a Build Back Better Act provision to prohibit offshore oil drilling as his top donor prepares to dramatically increase its oil exporting business through a new offshore terminal for supertankers.
By relying on public private partnerships, New York is virtually guaranteeing that wealthy businesses with deep political connections will substantially benefit from state investment.
All of Rep. Trey Hollingsworth's stock pickups this year have been in a pair of oil and gas pipeline companies, a mammoth increase over his position last year.
More than one in four senators is invested in the fossil fuel industry as the Senate strips major climate programs from the reconciliation bill.
As he stripped major climate programs, Sen. Joe Manchin received large donations from Enterprise Products, the energy giant where his son-in-law is a senior employee and whose lobbying groups are fighting the reconciliation bill.
Joe Manchin raised $1.6 million in the third quarter, including donations from many fossil fuel industry PACs as he announces he is strongly opposed to the major climate program in the reconciliation bill.
A review of legislative text shows that several provisions in a section drafted by Manchin’s committee would benefit companies involved in waste coal, which happens to be what the Manchin family coal brokerage specializes in.