From CREW Reports <[email protected]>
Subject Senators own up to $1.2 million in Big Oil stocks
Date December 4, 2023 7:50 PM
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[link removed] [[link removed]] John, we keep beating the drum about banning members of Congress from trading stocks. And here’s why:
10 US Senators own up to $1.2 million in individual stocks of Big Oil companies.It gets worse: Five of those senators sit on committees tasked with environmental protection, climate issues and oversight of the agencies responsible for addressing the climate crisis. And nine of them voted on President Biden’s climate bill last summer, which had a huge impact on Big Oil profits.

The conflict of interest is glaring.

We’ll tell you more about the senators who are invested in Big Oil, but first, we’re asking you to make a donation to CREW today. Help us ban stock trading in Congress and hold our elected leaders accountable → [[link removed]]If you've saved your payment information with ActBlue Express, your donation will go through immediately:

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The vast majority — up to $1,106,000 — of the Big Oil stock held by senators is held by Republicans. Here are the top 3 Big Oil investors in the Senate:

1.
Senator
Jerry
Moran:
Moran
is
a
Republican
from
Kansas
who
holds
between
$119,006
and
$360,000
in
Exxon
and
Chevron.
Moran
*also*
serves
on
the
Commerce,
Science
and
Transportation
Committee,
which
has
jurisdiction
over
oceans,
fisheries,
weather,
climate
change
and
natural
disasters.
Moran
voted
to
deny
that
human
actions
cause
climate
change,
voted
against
the
Inflation
Reduction
Act,
criticized
the
Green
New
Deal,
and
promoted
the
Keystone
XL
fossil
fuel
pipeline.
2.
Senator
Pete
Ricketts:
Ricketts
is
a
Republican
from
Nebraska,
who
holds
between
$100,001
and
$254,000
in
Chevron,
Exxon,
Phillips
66,
Valero
and
ConocoPhillips.
Ricketts
*also*
serves
on
the
Committee
on
Environment
and
Public
Works,
which
has
jurisdiction
over
environmental
and
anti-pollution
laws
and
oversees
the
Environmental
Protection
Agency
and
the
U.S.
Army
Corps
of
Engineers.
Ricketts
opposed
the
Inflation
Reduction
Act
as
Nebraska
governor,
calling
it
part
of
President
Biden’s
“radical
environmental
agenda.”
3.
Senator
Shelley
Moore
Capito:
Capito
is
a
Republican
from
West
Virginia
who
holds
between
$32,004
and
$130,000
in
Exxon,
Chevron,
Shell
and
Phillips
66
stocks.
She
is
the
ranking
member
of
the
Committee
on
Environment
and
Public
Works
and
is
a
member
of
the
Commerce,
Science
and
Transportation
Committee.
She
has
drawn
scrutiny
for
introducing
legislation
that
would
have
approved
the
Mountain
Valley
Pipeline,
while
owning
stock
in
a
company
behind
the
project.

John, the list goes on and on. You can read the full analysis on our website [[link removed]] , compiled from CREW’s database of personal financial disclosures.

But here’s the bottom line: Elected officials need to understand that elected office is for serving your constituents, not lining your pockets and building your stock portfolio.

If you agree with us, help CREW fight back. Make a donation of any amount to help us ban congressional stock trading and help us uncover these conflicts of interest → [[link removed]]

Thanks,

CREW

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