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Politics : The Environmentalist Thread
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To: Wharf Rat who wrote (9529)2/15/2007 1:41:54 PM
From: Jagfan  Read Replies (1) of 36917
 
More misleading stuff, while he doesn't directly own the Occidental Stock;

Gore recommended that the Elk Hills be sold as part of his 1995 "Reinventing Government" National Performance Review program. Gore-confidant (and former campaign manager) Tony Cohelo served on the board of directors of the private company hired to assess the sale's environmental consequences. The sale was a windfall for Oxy. Within weeks of the announced purchase Occidental stock rose ten percent.

That was good news for Gore. Despite controversy over Dick Cheney's plans to keep stock options if elected, most Americans don't know that we already have a vice president with oil company stocks. Before the Elk Hills sale, Al Gore controlled between $250,000-$500,000 of Occidental stock (he is executor of a trust that he says goes only to his mother, but will revert to him upon her death). After the sale, Gore began disclosing between $500,000 and $1 million of his significantly more valuable stock.

Nowhere is Al Gore's environmental hypocrisy more glaring than when it comes to his relationship with Occidental. While on the one hand talking tough about his "big oil" opponents and waxing poetic about indigenous peoples in his 1992 book "Earth in the Balance," the Elk Hills sale and other deals show that money has always been more important to Al Gore than ideals.
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