“Members of Congress who own stock in pipeline companies like Enterprise Products stand to profit from the push to export liquid fossil gas amid Russia-Ukraine tensions,” according to a new investigation.
By Kenny Stancil. Published 2-10-2022 by Common Dreams
The LNG taker Rivers arrives in Brest. Photo: Pline/Wikimedia Commons/CC
Amid escalating tensions between Russia and Ukraine, which could have far-reaching implications for energy markets in central Europe, U.S. President Joe Biden has increased gas exports to Germany and surrounding countries, benefiting members of Congress who own—and are buying up more—stock in pipeline and tanker companies.
That’s according to new reporting published Wednesday by the nonprofit investigative outlet Sludge, which previously identified at least 28 U.S. senators and 100 House members whose households own stock in oil and gas companies or hold other investments in the fossil fuel industry. Continue reading
