Lawmaker’s Investments

From an article by Lindsay Renick Mayer in Capital Eye:

The most recent personal financial disclosures show that members of Congress had at least 45 times more money invested in the oil and gas industry (at least $20.6 million) than in public companies that provide green products and services (at least $452,100). This includes companies that develop renewable energy products, manufacture energy efficiency products, recycle material or create wind or solar products.

The amount of money members have plunked down on these green stocks has actually decreased 23 percent since 2004, while investments in oil and gas have increased by 30 percent.

It get’s more interesting:

Democrats, who have tried repeatedly in the last year to pass legislation that would tax oil companies and use the money for wind and solar energy subsidies, have even less money invested in green stocks than Republicans in 2006, at least $59,300 compared with at least $392,600.

In 2006, lawmakers had at least $825,400 invested in the companies that stand to profit the most from corn-based ethanol production, including agribusiness giant Archer Daniels Midland. Democrats had 75 percent of those investments (though Sen. John Kerry and his wife,  Teresa, own 60 percent alone).