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News Energy Environment Monday, Apr 2 2012

Journal Inquirer: McMahon Has Stake In Oil Pipeline Plan She Supports

Apr 02, 2012

On March 31, 2012, the Journal Inquirer reported:

Republican U.S. Senate hopeful Linda McMahon — a champion of the Keystone oil pipeline project — owns shares worth as much as $437,000 in nine of Canada’s largest oil-sands producers and six other Canadian companies that could profit from the business of moving crude from Alberta to U.S. refineries.

And while McMahon has complained that without the Keystone pipeline Canada would “most likely” ship its oil to China and “deny ourselves a secure source of energy,” she also has invested as much as $317,000 in a dozen energy, technology, communications, and other firms based in China.

Moreover, the former World Wrestling Entertainment Inc. executive has invested several hundred thousand dollars more in a half-dozen multinational firms with major operations in Hong Kong and on the Chinese mainland.

Read the full article here.

Published: Apr 2, 2012

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