Just when you thought Washington couldn't get any swampier.
Washington Examiner (3/31/23) reports: "A Democratic congressman trying to tax "Big Oil" has disclosed up to $1 million worth in major oil and gas stock trades through the years, records show. Rep. Ro Khanna (D-CA), who has taken aim at the fracking industry through his role on the Safe Climate Caucus, sponsored the Big Oil Windfall Profits Tax Act in February, a bill that would impose large taxes on oil giants such as ExxonMobil and Chevron. At the same time, Khanna's wife has traded between $378,000 and $1.3 million in shares of top oil and gas companies that could be affected by his tax proposal, according to disclosures reviewed by the Washington Examiner. 'It shows that they're not averse to making money off the oil industry and its profits,' Dan Kish, senior policy vice president for the Institute for Energy Research, a nonprofit group, told the Washington Examiner. 'If someone wanted to be pure on these things, they would steer clear and have their spouse steer clear of investments in something that they're focused on — and he's focused on climate change.'...Still, Kish noted that Khanna's trades are the sort of thing 'that ought to raise people's eyebrows.' The congressman has notably called global warming an 'existential threat that requires a proactive approach from both parties. If you think that oil companies are making too much, then you probably ought to stop your wife from making too much from oil companies,' Kish said."
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"We’re ending the oil industry’s days of operating in the shadows. California took on Big Oil and won. We’re not only protecting families, we’re also loosening the vice grip Big Oil has had on our politics for the last 100 years."
–Gov. Gavin Newsom (D-CA)
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