Environmentalist Billionaire Candidate Heavily Invested in Fossil Fuels
Wanted to make sure you saw this report on Dean Phillips’ secret investments in Fossil Fuels and energy companies. Phillips even went as far as criticizing Erik Paulsen for receiving donations from a company that he himself had invested in. A strategic mystery.
This comes one day after Phillips was called out for also trying to have it both ways on the pro-life/pro-choice debate.
The headline speaks for itself: “Environmentalist Billionaire Candidate Heavily Invested in Fossil Fuels”
From the Washington Free Beacon:
“Billionaire congressional hopeful Dean Phillips invested as much as $2 million in energy companies even as he criticized Rep. Erik Paulsen (R., Minn.) for supporting fossil fuel development.
“Phillips, a Minnesota liquor heir, is campaigning as an environmentalist in a bid to win a crowded Democratic primary and unseat Paulsen, a five-term congressman. He has supported a massive carbon tax as well as a shift away from automobiles to cut down on emissions.
“I care about the environment and I’d like to see fewer cars burning fossil fuels,” he said at a May townhall with voters. “Anybody who argues that a carbon tax would kill jobs is simply, fundamentally misguided.”
“Phillips’s financial records show that the environmentally conscious candidate has no problem profiting off of automakers and fossil fuels. He has invested between $780,000 and $2 million in energy companies and major car companies. He held stocks valued between $65,000 and $150,000 in Energy Transfer Partners, owners of the Dakota Access Pipeline that has inspired numerous protests and arrests from radical environmental activists.
Phillips took aim at the Republican’s history of receiving donations from oil giant Exxon Mobil, a company that Phillips has invested in.
“While Erik’s taken money from the NRA, the Koch Brothers, and Exxon Mobile, Dean isn’t taking a dime,” the campaign said in a fundraising email.
“The Phillips campaign did not respond to request for comment.”
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You can read the full story here.