Virginia Senator Tim Kaine seems more interested in increasing the value of his personal investments than growing Virginia jobs or doing what is right for the nation.
Turns out Kaine not only opposes the Keystone pipeline, but the Virginia Senator invests in Keystone’s competitor, Kinder Morgan Energy Partners.
This makes Kaine an environmental phony. And, by the way, it is a clear conflict of interest …
The Washington Free Beacon reports:
Democrats who oppose the Keystone XL pipeline have thousands of dollars invested in direct competitors to the company looking to build the pipeline, public records show.
A recent environmental assessment by the State Department was seen as a step toward the pipeline’s approval, but Sen. Tim Kaine (D., Va.) remains opposed to its construction.
“In my view, there is now enough evidence to conclude that construction of this pipeline is not in America’s long-term interest,” Kaine said in a statement on the review.
The freshman Democrat has between $15,000 and $50,000 invested in Kinder Morgan Energy Partners, according to his most recent financial disclosure. Kinder Morgan is looking to build a pipeline that would directly compete with Keystone.
Read the entire story here.
I did a little digging on Kinder Morgan. According to the annual stockholders report, one of Kinder Morgan’s energy partners, El Paso Natural Gas Company, L.L.C. (EPNG) used to be in the uranium business.
EPNG is now in the midst of a EPA investigation. I wonder if that will sway Kaine, one way or another, on uranium mining in the Commonwealth. I guess we’ll see if he follows his conscience or his pocketbook.
In fairness to Kaine, he’s not the only Member of Congress that has a tough time saying no to the radical environmental movement.