According to public financial disclosure statements published by the Center for Responsive Politics, in 2009 Boehner invested $15,001-$50,000 in each of a number of companies that stand to benefit from the Keystone project (documents for 2008-2010 provided for comparison). The firms include six oil companies—
BP, Canadian Natural Resources, Chevron, Conoco Phillips, Devon Energy and Exxon—along with Emerson Electric, which has a contract to provide the digital automation for the first phase of a $9.4 billion Horizon Oil Sands Project in Canada.
- Calendar Year 2008 Financial Disclosure Statement
- Calendar Year 2009 Financial Disclosure Statement
- Calendar Year 2010 Financial Disclosure Statement
Boehner Invested Between $15,001-$50,000 In BP In 2009. [Boehner 2009 Financial Disclosure,5/14/10, via OpenSecrets.org]
- They forced a debt ceiling crisis in 2011, leading to the country’s first-ever credit downgrade.
- They took us to the edge of the so-called “fiscal cliff” in 2012, then a few months later left us with the sequester cuts that are hurting our economy today.
- Now, after more than two weeks of government shutdown and another debt ceiling crisis, the country’s credit might be downgraded again.
The GOP-controlled House has already passed seven bills demanding approval of the project, but none of them have advanced in the Democratic-controlled Senate.
The American Legislative Exchange Council, otherwise known by the acronym ALEC, is a non-profit 501(c)3 charitable legislative organization established in 1975. The legislative members are state legislators. It is a forum to allow the members to write model laws and discuss legislative language with other members. ALEC meetings are an opportunity for the corporate and non-profit leaders to meet and provide fedback to legislators. Member legislators can then use these model bills as a template for their own.
ALEC actively tries to keep its membership, activities and communications secret. This list includes members whose identity primarily has become known through internal documents leaked to Common Cause and research by members of the press.
- Study: Koch Brothers Could Make $100 Billion if Keystone XL Pipeline Approved (desmogblog.com)
- Boehner Maintains Significant Investments In Companies – Tied To The Keystone XL Pipeline Project And 2013 Gov Shut-Down (ustaxpayerswill.wordpress.com)
- The Keystone Pipeline XL …. (hrexach.wordpress.com)
- Petition Pushes Obama Campaign Strategist To Drop Keystone XL Client (huffingtonpost.com)
- Battle of the Billionaires Erupts Over Keystone Pipeline (dailyfinance.com)
- On Keystone XL, will Obama stand up to big oil? | Bill McKibben (theguardian.com)
- Koch Brothers Could Make $100B Profit if Keystone XL Pipeline (readersupportednews.org)
- Bill McKibben: Will President Obama Stand Up to Big Oil and Reject Keystone XL? (ecowatch.com)
- The Keystone Fight Is a Huge Environmentalist Mistake (nymag.com)