Keystone Pipeline and John Boehner: Surprise! There’s money involved.

No wonder John Boehner is all over President Obama’s decision regarding the Keystone XL pipeline!  He put money into the Canadian companies involved!

. . . according to Boehner’s financial disclosure forms, he invested $10,000 to $50,000 each in seven firms that had a stake in Canada’s oil sands, the region that produces the oil the pipeline would transport. The firms include six oil companies — BP, Canadian Natural Resources, Chevron, Conoco Phillips, Devon Energy and Exxon — along with Emerson Electric, which has a contract to provide the digital automation for the first phase of a $9.4 billion Horizon Oil Sands Project in Canada.

Bill McKibben, a climate activist and co-founder of the group, wrote in an e-mail that Boehner has received more than $1 million from fossil-fuel companies, “and now we find out that he’s got extensive personal investments in companies dependent on tarsands oil.”

“He was willing to shut down the government in part to prevent enough time for serious environmental review,” McKibben added. “In any other facet of our public life . . . this whole list taken together would be seen for the gross conflict of interest that it is.”

Boehner spokesman Michael Steel said in an interview that an investment adviser chooses Boehner’s financial investments. “He doesn’t have any control over day-to-day trades, so there’s no conflict of interest on this or any other investment,” Steel said of the speaker, adding that when it comes to the upcoming decision on Keystone XL, “We hope the president will do the right thing and approve the permit, and create American jobs.” — source:  Washington Post

Mr. Steel’s statement that there’s no conflict of interest because he doesn’t have control over day-to-day trades is an unbelievable rationalization of insider trading.  Tell me, who believes that Boehner didn’t know about the upcoming expansion proposal of the Keystone?  How many bridges do these believers want to buy???

Isn’t this a conflict of interest?  How about ethics violation?  How about an investigation into all this?  Someone?  Anyone?

Just one more example of corporate buying of influence, money in government.


8 responses to “Keystone Pipeline and John Boehner: Surprise! There’s money involved.

  1. I LOVED it last night when Obama said, in his State of the Union address,

    “I’ve talked tonight about the deficit of trust between Main Street and Wall Street. But the divide between this city and the rest of the country is at least as bad — and it seems to get worse every year.

    Some of this has to do with corrosive influence of money in politics…. Send me a bill that bans insider trading by Members of Congress, and I will sign it tomorrow. Let’s limit any elected official from owning stocks in industries they impact. Let’s make sure people who bundle campaign contributions for Congress can’t lobby Congress, and vice versa — an idea that has bipartisan support, at least outside of Washington.”

    Our government is ran by too many conflicts of interest… they put their personal interest before the best interest of the country, the environment, anything. It is all about personal gain and profit. Those that do these need to be charged with a felony akin to insider trading. Martha Stewart has nothing compared to the crooks in D.C.

    • I agree! Somehow I had missed this about Boehner and Keystone even though it has been rumbling around (mostly on liberal blogs rather than MSM) for awhile. I saw a call for him to resign or at least have an ethics investigation on a blog so went looking for it — lots on blogs but it took a bit of a search to find the WaPo article. That’s the same way OWS was in the beginning — MSM did the tiniest little bits of coverage and most of that was scornful until the movement couldn’t be ignored. Maybe this is the same thing. Blogs and social networking, etc. may have to force this!

  2. Oh, that’s a funny one… if every congressmonkey were to recuse themselves from voting on any bill that they had a personal financial interest in, maybe five bills a year would make it to the POTUS’ desk…

    and even fewer if they had to pass an 8th-grade exam testing their actual knowledge about the topics of the bills!

    i just love this place!

    • That’s why these people should not be earning any other money or excepting gifts from anybody, end of conversation, period. They should also not be allowed to hold stocks of any kind or put them in their husband’s/wife’s or child’s name or grandchild’s name in order to try to put over on the system.
      These people get paid enough! They don’t need to go throwing MY voice away because someone paid or gifted them to do it!

  3. I know, I know, it’s a dream indeed to think that 1) members would consider the ethics involved with their votes and 2) that they would actually read and know the bills. “This place” just isn’t there yet.

    I was actually kind of hoping that Newt Gingrich’s moon colony would come to fruition so that Congress (minus Bernie Sanders IMO) could be the first inhabitants — with a one-way ticket!

    • If people realized that it has exactly the effect that you say — takes away or cancels our votes — maybe, just maybe they would demand better from politicians. The people in office have such a well-oiled machine working for them though that there’s no way, without a MAJOR citizen’s movement (e.g. OWS and more) demanding change that anything will happen. Makes me sick.

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