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

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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.


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Oh, that's rich!!

Oh, that's rich!! LMAO!!!

Typical liberal: now that she's been caught, the investments will go into a blind trust.

C'mon, Ms. Nichols, if you really believe your own hype, blind trust shouldn't be enough....divest already!!

I know I repeat myself, but:

Hypocrisy, thy name is Liberal.

 

2 ways to look at this:

 he's shorting them.

or

It's in a blind trust, DUH ,morons back off.

do as i say, or blank u.

Entitlement over infrastructure every SINGLE time.

 

Uhhhh..two facts.

1. If you short a stock you've sold it and therefore by definition do not own it.

2. In a "blind trust" you do not know what is owned by it, thus the name.

 

The day that "politician" became a career choice is the day we started losing the Republic

The tag line

After reading a bio on Andrew Jackson...according to your tagline, we started losing the Republic from almost the beginning. 

Res tantum valet quantum vendi potest.

Well, it may take

Well, it may take California a while to get those rules in order. I cas see here, that the greens have been infiltrated. I wonder if Noel planted her as a spy?

Save a SeAL, club a liberal!!

Bass

Bass,

Shhhhh. You'll blow it. :-) ns

Do as I Say Not as I Do

It is the "Capitalism for me, not for thee" crowd.  I get so sick of their hypocrisy.  Even when you call them on it and catch them in the act they act as if no one has the right to question their behavior because they are above reproach.

“Government does not solve problems; it subsidizes them.”  Ronald Reagan 

It's Karl Rove

It is pretty obvious to me that this is a last-ditch effort by Karl Rove to undermine the Global Warming crowd by planting Oil Company (and probably Haliburton) spies into their midst before he leaves the White House for good!

<Ahem> Sorry, forgot to say </Sarcasm off>

People need to realize that

People need to realize that modern-day environmentalism is nothing more than a tool to create wealth and power.  One cannot fathom how lucrative "environmentalism" can be.  From professors that cry "the sky is falling" to obtain multi-million dollar grants to the Sierra Club that pays it's executives million-dollar salaries.  Disgusting to the "true" lovers of nature, like myself.

bathe in some digust mostlymoderate

" air board spokesman Leo Kay said Friday....

The general counsel was unaware of Nichols' stock ownership until a Chronicle reporter called Thursday afternoon .."

In other words, she kept it a deep dark secret, or so goes the claim. How deep for how many dedades...lol...I imagine she just found out herself:

"Five of the stock ownerships she disclosed in her recent statements, including the Chevron stock, are worth between $100,001 and $1 million each, and 78 of them are each worth between $10,001 and $100,000...The fair market value and nature of investment for a banking firm was not included "

" Some state Capitol observers were surprised that Nichols, who is highly regarded in the environmental community ..."

" My perception is that she is a living legend in the environmental community, and I would have bet that she would have a greener portfolio," said Barbara O'Connor..."

"she filled out the economic disclosure form shortly after Gov. Arnold Schwarzenegger announced her appointment on July 3

"and other energy firms when she served as Resources Agency secretary under then-Gov. Gray Davis and sat on the California Coastal Commission as a Davis appointee

" a longtime environmental lawyer who served on the air board three decades ago under then-Gov. Jerry Brown..."

Well, she is obviously one of those bureaucratic LIFERS, that apparently nowadays are multi-millionaires or need not even think about being present, since the lifers have the keys permanently.

-

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

And her husband represents the evil Exxon in their super-evil deed?!  How wonderful!

Where's that trol ... er, guy who was telling us that Al Gore doesn't profit from his corporation which sells carbon credits to himself?  Would he also like to explain these holdings? 

And the Breck Girl  just

And the Breck Girl  just found out that his hedge fund money is invested in lenders that are foreclosing on Katrina victims, so he's pulling his money out.

Gee, John, you can afford it; why not go for REAL principle and pay off a few of those mortgages, anonymously, of course?

Hit Piece

I have not read the article in the SFC. But I know their history. Could it be that it was written as a hit piece on Arnold? Do not forget that this is Pelosi's district! The follow up on this by California Greenies will be interesting.

Arnold is an embarrassment on the AGW issue

Not only is he selling out, he too is a hypcrite:

Arnold Schwarzenegger - Green Giant's Big Carbon Footprint (Debra J. Saunders, Townhall)

 

The Anti "Man-Made" Global Warming Resource

didn't owl gore own more oil stocks than bush?????

i seem to recall that owl gore owned or profited from ashland oil stocks, then i recall the story changed that his mom took full ownership of the stocks a year before the election, then the story changed to something like his father owned them but like only in the 40s or 50s. it was a great coverup the media did for him right before the 2000 election.

Occidental Petroleum

I remember Occidental Petroleum.  Is that part of Ashland?  Armand Hammer, Al Gore, Sr.'s best bud, was not a good guy.

“Government does not solve problems; it subsidizes them.”  Ronald Reagan 

River... BINGO!

River...

BINGO!

Blind trust?

Ok, I own it, but I'm not controlling it. I just regulate it. Sounds fair to me. 

And the voters in California, and everywhere else, fall for it.  Too bad we can't ban them like the did in British politics.

 

Oh well, just another example of liberal think.