By John Earl and Lisa Wells
OC Voice
Presidential candidates Hillary Clinton and Barack Obama accuse each other of
bowing to “big oil,” and Huntington Beach mayor, environmentalist and Democratic candidate for congress, Debbie Cook, has taken hits in the local media for having large investments in oil corporations that many people blame for the global energy crisis that she has warned the public about for years.
Cook’s corporate investment records have always been on file at City Hall and open to the public, as required by law, but they have gained attention lately due to her desire to be the opponent of incumbent Dana Rohrabacher, and be elected in November to represent the 46th District in the U.S. House of Representatives.
Cook’s fossil fuel related investments, including natural gas, totaled between $72,000 and $710,000 from March 2007 through March 2008.
As an investor, she probably made the right choices: ExxonMobil, which made a record $40.7 billion last year; BP, the world’s 2nd largest oil producer; and, CanArgo Energy Corp, Chevron, El Paso Corp, Schlumberger Ltd Netherlands, Royal Dutch Shell, BP and the Brompton Oil and Gas Income mutual fund.
But Cook’s alleged hypocrisy was the main topic of analysis in news accounts and editorials by the Orange County Register and the Huntington Beach Independent.
The Independent excoriated Cook for investing in oil companies that harm the environment-instead of companies that “make money off of environmentally friendly technologies.”
And Register opinion editor Steve Greenhut wrote in his blog that “It’s just funny when environmental advocates preach one thing, then do another with their own dollars.”
Editorial cartoons in both papers showed Cook greedily awash in oil stocks while advocating energy conservation. (more…)
Read Full Post »