Tuesday, January 16, 2007

Did McCain Wash His Investments Before Claiming To Be Green?

McCain Wants The White House At All Costs...Kind of Like Bush Did.
Was over on the Greenpeace site reading their press releases when I came across their initial review of the McCain/Lieberman Climate Stewardship and Innovation Act of 2007...just the title is humorous in a sad kind of a way, considering that John Mc Cain is very PRO NUCLEAR, but then no surprise from a man who has had a penchant for owning GE stock. This little tidbit of information coupled with is trip to London compliments of the Blackstone Group got me to wondering, so I did a bit more digging into John McCain, SUPER GREEN environmentalist who wants to be the next president of the United States (doubtful with his support of Bush's SURGE)

Seems that John McCain was VERY BUSY in March of 2005 making his personal investment portfolio (estimated to be between $25-38 MILLION) earth friendly and GREEN. You see, he divested himself of a serious CHUNK of GE stock...you know, the same GE that is wanting to race around the world building NUCLEAR REACTORS. He also divested himself of serious holdings in BP (Brittish Petroleum) Chevron, and of course the oil company we ALL LOVE TO HATE, Exxon! MY MY...quiet the investments for a man who now wants to present himself as MR LET's FIX GLOBAL WARMING.

Let's leave our readers with this thought...Mr. McCain has done a fine job of tying up most of the major supporters that made George Bush president...one of the KEY group of Bush Supporters interestingly enough was the NUCLEAR INDUSTRY.

Responding to the introduction of The Climate Stewardship and Innovation Act of 2007, introduced by Senators McCain (R-AZ) and Lieberman (D-CT) today, Greenpeace issued the following statement from John Coequyt, Greenpeace energy policy analyst:
January 12, 2007
WASHINGTON — “While this shows that the center of gravity in Congress is shifting toward significant long-term reductions in global warming pollution, the target reductions fall very short of what scientists tell us is actually necessary to avoid catastrophic climate change. Regrettably, the Senators have also included subsidies for nuclear energy which is inherently dangerous and provides no real solution to global warming.

"Scientists warn that we must make significant reductions in global warming pollution within the next ten years to address the most severe climate impacts and the average build time of a nuclear power plant generally takes ten to twenty. Providing subsidies to the nuclear industry in the form of loan-guarantees that the Congressional Budget Office states have a greater than 50 percent chance of being defaulted on, is therefore not only ineffectual, but foolish and wasteful.
To read rest of story....

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