John Kerry has invested in Tar Sands Companies too

[FogerRox]

Last edited Thu Nov 29, 2012, 02:22 AM - Edit history (1)

SO has John Boehner.

And we're picking on Susan Rice because of what..... ?

Come on William Rivers Pitt, whadiya say to that?



According to Open Secrets, John Kerry has invested between 200k and 500k in Devon Energy. According to Muckity Devon Energy Chairman J. Larry Nichols donated 47k to Mitt Romney, while Devon Chief Executive John Richels said in an interview with Dow Jones newswires:

Though he said he believes Keystone XL will eventually be approved by the U.S., he said Devon would be forced to consider other alternatives for its oil-- including a Canadian west-coast pipeline option--if Keystone is rejected by the U.S

Senator Kerry also has a relatively small investment in ABB, noted producers of HVDC marine grid systems of the type that support offshore wind turbines.

Kerry also owns a small piece of Alliant Energy Corporation. According to wiki:

Alliant Energy Corporation is a public utility holding company headquartered in Madison, Wisconsin. Alliant Energy's two regulated utilities include Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL)

Kerry also owns pieces of 6 different Bain Capitals, AOL, AT&T and no more than 17k fo BP.

But I've become sidetracked, I'll stick to energy investments.

No more than 31k of Cenovus Energy. Cenovus currently has two producing projects in the Alberta oil sands – Foster Creek and Christina Lake.

No more than 1k of Consol Energy. In 2010 Kerry sold at least 200k but no more than 500k of Consol. Consol is a major Coal producer based in Pennsylvania.

No more than 500k of Devon Energy as noted above. Devon has 2 projects in the Tar Sands area Jackfish & Pike.

Slightly over 1 million invested with 2 different versions of Kayne Anderson Energy Fund. Not a lot of info available on Kayne.

About 1 million in Noble Energy a Houston based oil and gas company.

No more than 750k in Suncor Energy, they specialize in making syncrude from Tar Sands. Syncrude is the number one product from the Alberta Tar Sands, as I reported last year.

No more than 15k in Wisconsin Energy Corp.

So.... John Kerry has no more than 1.3 million invested in Tar Sands projects, Susan Rice has about the same invested.



SO let me ask you a question, why are we worried about Susan Rices investment in the Tar Sands?

In fact my fellow Democrats, shouldn't we be looking at how John Boehner invests his money? SO I did some inital legwork for you, John has made 8 separate investments totaling no more 365k in companies tied to the Keystone XL pipeline project:

BP, Occidental Petroleum Corp., Chevron, Connocophillips, Devon Energy, Exxon Mobil Corp., Canadian Natural Resources LTD., Emerson Electric Has A $9.4 Billion Contract For Oil Sands Development Support Services.

Boehner And His PAC Have Received At Least $27,500 From Marathon Oil Since 2008. [OpenSecrets.org, accessed 1/18/12; OpenSecrets.org, accessed 1/18/12]

In 2007, Marathon Oil Purchased A Large Stake In The Athabasca Oil Sands Region. From Oil & Gas Journal:

Marathon Oil Corp., which is increasing capacities of its US refineries to handle heavy feedstocks, has agreed to buy Western Oil Sands Inc. for $6.5 billion (Can.) in a cash-and-stock deal that gives it a strong position in the Athabasca oil sands of northern Alberta.

Western holds a 20% interest in the Athabasca Oil Sands Project (AOSP), a joint venture operated by Shell Canada, with a 60% interest, and including Chevron Canada, 20%. [...]

Marathon will gain interests in more than 300,000 gross acres, of which an area of over 200,000 acres is expected to be developed by mining. The other acreage holds potential for in situ development. [Oil & Gas Journal, 8/6/07]

Boehner Has Received At Least $25,000 From Chevron Corp. Since 2008. [OpenSecrets.org, accessed 1/18/12]

Boehner Has Received At Least $24,500 From Exxon Mobil Since 2008. [OpenSecrets.org, accessed 1/18/12]

Boehner Has Received At Least $10,000 From ConocoPhillips Since 2008. [OpenSecrets.org, accessed 1/18/12]

Boehner Has Received At Least $10,000 From BP Since 2008. [OpenSecrets.org, accessed 1/18/12]

Boehner Has Received At Least $7,500 From Occidental Petroleum Since 2008. [OpenSecrets.org, accessed 1/18/12]

Boehner Received $5,000 From Devon Energy During The 2010 Election Cycle. [OpenSecrets.org, accessed 1/18/12]

But its not like we didn't know John Boehner was a scum bag. Is there any real reason we need to drag Democrats into the same scum that Boehner wallows in? Boehner takes donations from the companies he invests in....

SO how far do we dig? When do we stop digging? Wealthy people have investments, Pharma, energy, blue chips. Some Politicians are very wealthy, so when do we find the perfect nominee for Secretary of State?

At what point do character and brains matter more than mud slinging?


http://www.opensecrets.org/pfds/CIDsummary.php?CID=N00000245&year=2010


http://news.muckety.com/2012/08/09/energy-interests-pour-millions-into-campaign/37931



http://politicalcorrection.org/factcheck/201201180004

[NoOneMan]

1. What's so bad about the tar sands anyway?

You know, if you stop burning all that oil, it wouldn't be profitable again for them to keep developing the tar sands.

Why must you scream at the butcher while buying his meat?

[FogerRox]

10. Thats what renewables can do, put the tar sands out of business

The tar sands are expected to produce an average of 3.5 million barrels a day for 85 years.....

[NoOneMan]

16. So we can make those overnight, right?

Or do the bulldozer's mining the ores and minerals we make renewable infrastructure out run on tar sand oil?

The way I see it, we can all:
1) Burn oil and bitch
2) Burn oil, bitch and maybe have renewable infrastructure in place by the time we are baked off the earth
3) Stop burning so much damn oil (and reorganize our economy)

Or maybe Im missing something.

[FogerRox]

19. I just ordered mine online, I bought the yellow one.

[NoOneMan]

21. Those were made yesterday with tar sand oil

Bought with debt notes "earned" while commanding tar sand oil energy

And all that CO2 will be in the atmosphere trapping heat for the next 50 to 100 years

If this makes you feel better, then good. I think we all need to do whatever makes us a little happier in the coming years. Its going to get rough.

[FogerRox]

24. Lets not forget the roughly 140 Trillion cubic ft of nat gas burned to power the Tar Sands....

for 85 years.....

Game over.

[NoOneMan]

25. Damn, and its still profitable

Either that means we are incredibly thirsty for our drug, or that there aren't enough drugs to go around anymore

[Fire Walk With Me]

2. They both should be immediately removed from power and influence.

The tar sands are killing the surrounding areas through airborne contaminants, much less the annihilation of the actual mining area, and the Keystone XL pipeline is literally stealing people's homes as it goes.

Stop the corporations! We never got to vote on any of this!

[elleng]

3. Because Dept of State has some authority to approve Keystone;

that's why Rice's holdings were/are relevant, re: potential conflict of interest.
http://en.wikipedia.org/wiki/Keystone_Pipeline

[bluestate10]

5. Kerry is being mentioned for SOS and Obama hasn't made a choice yet. Kerry owns more tar sand that

Rice. I think their ownership should not disqualify either, but people can't use it against Rice and not Kerry.

[FogerRox]

7. Bingo, the money quote

And if you use it against Rice and not Kerry are you a hypocrite ?

I appreciate comments that are more than 2 dimensional.

[elleng]

12. IF Kerry also holds interest in Keystone, you're correct.

If he doesn't, the only clear 'conflict' is with Rice.

[FogerRox]

13. Friend, read my article, see the citations, and then stop with this "if" Bullshit.

[elleng]

22. THIS bullshit?

'might hurt Devon Energy. ANd Kerry owns some of them, a small bit.

And Kerry sold most of his coal investments in 2010.'

'Friend?'

[JI7]

15. Kerry has voted against the Keystone pipeline

[FogerRox]

18. That might hurt Devon Energy. ANd Kerry owns some of them, a small bit.

And Kerry sold most of his coal investments in 2010......

[bluestate10]

4. Damned good work!!! The answers will be interesting to read. nt

[FogerRox]

9. It would be hard to find a wealthy person who has no energy or oil investments

[dsc]

6. a couple of things

One, I think any potential SOS who has money invested in companies that the pipeline would help should recuse themselves. That said, the amount invested is less important than the percent invested. I would bet Susan Rice has a far greater percentage of her money invested in those companies than Kerry does.

[FogerRox]

8. Nope- about the same according to my research

About 1- 1.5 million each.

Instead of recuse, how about a blind trust?

[dsc]

17. Kerry is worth vastly more than she is

He could lose his entire investment and still be worth, through his wife, hundreds of millions. She would have no where near as much money if she lost hers. I could live with a blind trust.

[FogerRox]

20. roughly 1-2% of net worth for Susan, .1% for Kerry.

[dsc]

23. I will admit that she is richer than I thought

but I wonder if the Kerry figure counts his wife's wealth.

[kentuck]

11. The puzzle all fits together, don't it?

Or so it seems?

[FogerRox]

14. John Boehner has money in the Tar Sands too....

[kentuck]

26. Next....

Someone will be saying that the President is invested in these tar pits...

[Angry Dragon]

27. Here is a solution

All elected politicians once elected have to divest themselves of ALL investments.
That includes their spouses and children to avoid any conflict of interest

[NoOneMan]

28. Wouldn't it be easier for people to divest themselves of all politicians?