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Newsom, wife invested in BP's gulf oil rig
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Race
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| Contributor | Jason |
| Last Edited | Servo Jul 01, 2010 09:43am |
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| Category | News |
| News Date | Wednesday, June 30, 2010 09:35:00 AM UTC0:0 |
| Description | It turns out that San Francisco's eco-conscious Mayor Gavin Newsom and his wife, Jennifer Siebel Newsom, own a piece of the deepwater rig at the center of the gulf oil disaster.
According to the mayor's most recently filed economic disclosure statement, last year the couple invested between $10,000 and $100,000 in Transocean Inc. - the company whose ruptured deepwater rig, which is leased to BP, is spewing millions of gallons of oil, endangering wildlife and beaches all along the Gulf Coast.
Just last month, Newsom told the San Diego area East County Magazine that "the environmental catastrophe devastating the Gulf of Mexico is a tragic reminder of why we must take a stand against the oil companies and oppose all offshore drilling off California's precious coast."
The Jennifer Lynn Siebel Trust also listed a half dozen other $10,000-to-$100,000 energy-related investments, including stock held last year in three companies involved in oil and gas exploration: Dorchester Minerals, Resolute Energy and Schlumberger Ltd. |
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