Thursday, October 21, 2010

Demo KY Senate Candidate Jack Conway Poised to Make Millions if Cap-and-Trade Passes

Democrat Jack Conway comes from a state where coal is king. He recently disclosed his financial holdings and ,shockingly, Conway is heavily invested in a company big in natural gas. That would be scandalous enough, but the story doesn't end there. The company Jack Conway has invested up to $5 million in, Kinder Morgan, is poised to make a killing if Cap-and-Trade passes.
Kinder Morgan is one of the largest energy transportation, storage, and distribution companies in North America. The company also is heavily involved in the transportation, sale, and use of CO₂ for enhanced oil recovery. As interest in carbon capture grows, Kinder Morgan may be poised to become a major player in this area as well.

You read that right. The company Conway is so heavily invested in is heavily involved in CO2 transportation and sale. This certainly explains Jack Conway's flip-floping position on Cap-and-Trade.