Monday, December 20, 2021

Sen. Joe Manchin Investment In The Fossil Fuel Industry

Companies specializing in Fossil Fuels, have been among Senstor Joe Manchin's (D-WV), Top Donors.

Manchin made $500,000, last year, off his Son's Coal Vompany, meaning that Coal Paid him, roughly Three times the $174,000 Salary he made last year as a Public Servant.

Manchin has received more Donations from Coal, Gas, and Oil, Companies, this Campaign Cycle than every other Senator.

Manchin got $10,000 from ExxonMobil for his 2018 Reelection Campaign.

His Top Donor, so far, for the 2022 Cycle is Tellurian Inc., a Gas Company.

Manchin has earned more than $4.5 Million from Enersystems Inc. and Farmington Resources Inc., Two Coal Industry Companies he founded in the 1980s.

Manchin founded the Coal Brokerage, Enersystems in 1988, and helped Run-It until he became a Full-Time Politician.

When he was Eelected West Virginia, Secretary of State in 2000, he gave Control of Enersystems to his son Joseph.

In Manchin's Financial Disclosure for 2020, he reported that his Non-Public Shares of Enersystems were worth between $1 Million and $5 Million, and that between 2011 and 2020 he was paid $5,211,154 in Dividend Income from them.

In 2020, he received over $500,000 in Dividends.

Enersystems is 71% of Manchin's Investment Income, and 30% of his Net Worth.

Since his Election to the U.S. Senate in 2010, Manchin has listed AA Properties as a Non-Public Asset on his Annual Financial Disclosures. AA Property is reportedly 50% Controlled by Manchin, and has, among other things, been an Investor in Emerald Coast Realty, which owns a La Quinta Hotel in Elkview, West Virginia.

Manchin, tends often to Act as a Vessel, for his Considerable Financial Interests, in the Fossil Fuel Industry.

NYC Wins When Everyone Can Vote! Michael H. Drucker

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