New York Officials Publicly Push Against Fossil Fuels, While Investing in Them

 

By Chris Bragg

Since 2015, New York Attorney General Eric Schneiderman has been in a pitched battle with ExxonMobil: The state's top law enforcement official is probing whether the company lied to its investors concerning how climate change could harm the oil business.

It turns out that Schneiderman, in fact, is among those investors.

According to Schneiderman's most recent financial disclosure form, for 2016, he owned between $50,000 to $75,000 in Vanguard Energy ETF. As of the end of November, ExxonMobil was the fund's biggest holding, according to Vanguard's website, followed by others giants such as Chevron, ConocoPhillips and Halliburton.

Schneiderman – who recently also called for a state "carbon tax"– is not the only New York lawmaker with personal money in the oil and gas business, while at times being at odds with it. Several lawmakers who have signed onto a bill that would force Comptroller Tom DiNapoli to divest from the 200 oil and gas and coal companies with the largest reserves, themselves have investments in either those companies, or companies that are known serious polluters.

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Source: timesunion.com (via The Empire Report)