Environmentalists investing in Big Oil? Inside the surprising stock portfolios of California lawmakers - News Summed Up

Environmentalists investing in Big Oil? Inside the surprising stock portfolios of California lawmakers


Environmentalists with stock in oil companies. But it also reveals when officials’ financial investments run counter to their purported political mission or differ from how they represented themselves to voters during their campaigns. Mike Young, senior director of California Environmental Voters, which endorsed Pellerin last year, called for all lawmakers to divest from oil companies. “The less hold that oil has, the better.”Critics of Big TechThe environment isn’t the only issue in which lawmakers’ investments seem to be at odds with their public-facing politics. He has voted against legislation aiming to tighten regulation of oil and gas companies, including attempts to penalize refineries and cap their profits , while investing tens of thousands of dollars in companies including Chevron and ConocoPhillips.


Source: Los Angeles Times December 17, 2023 23:36 UTC



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