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Despite public anger over congressional stock trading, senators and reps have held on to personal investments in companies that fall under their committees' jurisdiction.
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.
Donations came from corporations that would likely have been impacted by the bill’s proposals.
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 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.
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.
