2009/06/24

Pelosi to Personally Profit from Cap and Trade

Most Ethical Congress Ever

House Speaker Nancy Pelosi has vowed to bring the Obama-Waxman-Markey (OWM) anti-global warming cap-and-trade energy bill to the floor for a final vote Friday, which raises an interesting question: How much money will Pelosi make if the measure becomes law, as seems quite likely?

Pelosi, of course, is not the only member of Congress to own significant shares of energy companies. Senators and representatives from all over the country do, not just the “oilies” from energy states like Texas, Oklahoma and Louisiana.

But as House Speaker, Pelosi’s ownership of an unknown number of shares in the Clean Energy Fuels Corp. (CLNE) valued at between $15,000 and $50,000, may deserve particular attention.

I don’t blame people for speculating in the stock market, but when you’re Speaker of the House and you have deep influence over how federal dollars get spent, it’s not really speculation, is it?

Just remember this next time the Botoxic Avenger makes another stupid climate change commercial:

Filed under Cap and Trade, Corruption, Environment, Politics by

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