Thursday, January 3, 2019

'Dancing Hands' Pelosi's climate change pick to lead committee owned stock in top polluters

Rep[ugnant] Nancy "Dancing Hands" Pelosi's (D-Calif.) pick to head the House Climate Crisis Committee [to deal with climate change and how it's worse than Hitler] owned stock in several high pollutin' companies that are among the nation's top air and water polluters.

Pelosi announced last week that Rep. Kathy Castor (D-Fla.) would chair the newly reconstituted House Select Committee on the Climate Crisis. 

Pelosi's decision to reestablish the committee, which existed from 2007 until 2011 and did nothing but waste the taxpayer's money, before it was disbanded by Republicans, signals that climate change will be a top priority for the new Democratic majority because Democrats have nothing else to run on besides the scourge of white supremacy, socialism and intersectional bull crap.

"This committee will be critical to the entire Congress's mission to respond to the urgency of this threat, while creating the good-paying, green jobs of the future," Pelosi said in a statement announcing the appointment. 

"Congresswoman Castor is a proven champion for public health and green infrastructure, who deeply understands the scope and seriousness of this threat. Her decades of experience in this fight … will be vital." Except for her support of companies that pollute.

Although Castor is poised to have tremendous power over climate-change legislation, it is unclear if her prior financial ties will pose a challenge for progressives who are already complaining that the new committee "will be incapable of solving the greatest threat to humankind."

Financial disclosure reports filed with the clerk of the House of Representatives indicate that Castor has invested in corporations with seriously horrible environmental records.

When she joined Congress in 2007, the pollution-supporter reported owning between $15,001 and $50,000 of stock in Dow Chemical, a company which has consistently been labeled as America's top water polluter by the Political Economy Research Institute (PERI) at the University of Massachusetts Amherst.

Castor's holdings in Dow grew throughout 2008, even as the company drew fire from the Environmental Protection Agency (EPA) for allegedly violating the Clean Air Act and inadequately cleaning up dioxin contamination on the Tittabawassee River in Michigan.

Dow's chemical plants, which the EPA estimated produced more than 600 million pounds of toxic waste in 2010 alone, have continuously been cited by state and federal regulators for discharging hazardous waste into the atmosphere and waterways, but Castor wasn't put off by that--she was raking in the dough.

Castor [almost a 'Castro' typo] began to sell off large portions of her Dow holdings in early 2014, right after taking a more high-profile public stance in favor of green energy and solar power. The hypocritical congresswoman unloaded the last of her stock in Dow Chemical in May 2016.

Concurrent to dumping Dow, the liberal congresswoman purchased between $1,001 and $15,000 in Caterpillar, Inc., a company which ranks among the Fortune 100, as the world's leading manufacturer of construction machinery, mining equipment, as well as diesel and natural gas engines.

Castor purchased the stock despite the company's long record of flouting environmental regulations.

Caterpillar was one of seven diesel-engine manufacturers that agreed to a $1 billion settlement with the EPA in 1998 for illegally circumventing federal emission standards. [As an environmental expert, as Pelosi refers to her, she probably was aware of both Dow's and Caterpillar's reputation with the planet.]

The settlement arose after environmental regulators determined that Caterpillar and other companies "deceptively" programmed diesel-engines to "produce less pollution" during emission testing than on the road. At the time, the $1 billion settlement was one of the largest penalties levied under the Clean Air Act.

Since 1998, Caterpillar has been unable to remain out of the EPA's sights. The company agreed to pay a $2.55 million penalty in 2011 after "shipping more than 590,000 highway and non-road" vehicles without correct emission controls. In 2014, California weighed financial penalties against Caterpillar for allegedly violating air pollution regulations. Castor sold her shares in Caterpillar in December 2016.

Dow Chemical and Caterpillar were not the only polluters in Castor's investment portfolio. Her financial disclosures show that she owned stock in General Electric and the Alcoa Corporation—two of America's top air polluters, according to PERI.

Alcoa, the eighth-largest aluminum producer on the planet, has faced criticism over its coal-fired power plants. One such plant located in Rockdale, Texas, was the subject of a 2003 settlement with the EPA, in which the company agreed to pay $1.5 million in fines and spend more than $330 million in strengthening its air pollution standards. Likewise, the scale of GE's environmental footprint has raised concerns among climate change advocates. The congresswoman sold her shares in both corporations in November and December 2016.

It is unclear why Castor liquidated all of her holdings in Alcoa, Dow Chemical, GE, and Caterpillar at the end of 2016. Castor's office did not return requests for comment on this story.

Castor's investment in the companies occurred as she simultaneously accused BP of "gross negligence" in the wake of the company's 2010 oil spill in the Gulf Coast.

This is what as known as gross hypocrisy.


Well here we are in the start of a new year and the world still hasn't come to an end with President Trump in the White House, in spite of what the media and the left [but I repeat myself] would have you believe. 

I wish you health and happiness. I hope that you will  follow Brain Flushings throughout the year and feel free to comment on any issues of concern. Please subscribe and check out the sponsors on these pages too.




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