California’s Global Warming Watchdog Owns Oil, Coal and Utility Stocks

Here's a headline you'd never expect to see:

Global Warming Watchdog Invests in Oil, Coal, Utilities

Think I'm kidding? Well, check the link.

Making the issue that much more delicious, it was the leading front-page story in Saturday's San Francisco Chronicle (emphasis added throughout):

The new chair of the California Air Resources Board owns stocks in several oil, coal and utility firms, some of which are likely to be affected by rules the agency implements as part of the state's groundbreaking law to fight global warming, The Chronicle has learned.

Mary Nichols' stock holdings include shares in oil giants Chevron Corp., BP and Royal Dutch Shell, as well as a stake in a Bermuda tanker company that transports crude oil, according to economic interest statements she filed this week.

She also owns stock in the world's largest coal company, Peabody Energy Corp., along with utilities including Edison International, whose subsidiary, Southern California Edison, serves most of the Southern California electricity market.

In total, she and her attorney husband, John Daum, who represents Exxon in the ongoing Exxon Valdez oil-spill case, have a financial stake in 13 energy-related firms in a diversified stock portfolio that contains 84 companies, according to statements she filed on Aug. 14 with the state Fair Political Practices Commission.

Hehehehe. I'm verklempt. Talk amongst yourselves.

Noel Sheppard
Noel Sheppard
Noel Sheppard, Associate Editor of NewsBusters, passed away in March of 2014.