Senators Cling to Fossil Fuel Stocks as World Heats Up
More than one in four senators is invested in the fossil fuel industry as the Senate strips major climate programs from the reconciliation bill.
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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.
The former senator now works with multiple front groups, including one run by a fossil fuel lobbying firm.
The American Petroleum Institute and the American Gas Association have spent a combined nearly $450,000 on Facebook ads since August 11, a new analysis found.
Enersystems, Joe Manchin's family coal company, has contracts with the only power plant in West Virginia that burns coal from reclaimed mine projects.
A financial disclosure reveals that Special Envoy for Energy Affairs Amos Hochstein operated a shadow consultancy with foreign fossil fuel clients.
The late disclosure raises ethical questions for transparency advocates.
Rep. Frank Pallone (D-N.J.), chair of the House Energy and Commerce Committee, benefits from investments in the fossil fuel industry while crafting climate policies.