Judge Who Revoked Drilling Ban In Ruling Owns Oil Shares
June 23, 2010
Louisiana (ChattahBox) – You would think that maintaining a drilling ban temporarily on BP after the major Gulf Coast spill – especially in light of the safety practices that have come to light in recent weeks – would be a no brainer. But a judge ruled this week to overturn President Obama’s ban, and now we know why: his shared in the oil industry.
Judge Martin Feldman has been accused of a conflict of interest after it was found that he owned shares in various oil companies, and had for many years.
So far, his financial reports have shown his involvement with Ocean Energy, Quicksilver Resources, Prospect Energy, Peabody Energy, Pengrowth Energy Trust, Atlas Energy Resources, Parker Drilling, Transocean, and Halliburton.
To make matters more sinister, both Transocean and Halliburton were involved in the April oil rig explosion that killed 11 people.
His financial ties with the oil industry are vast, and so the reasoning behind Feldman’s overturn of the ban seems obvious. Not to mention obviously shady.
“If Judge Feldman has any investments in oil and gas operators in the Gulf, it represents a flagrant conflict of interest,” Josh Reichert of the Pew Environment Group said.
Indeed, many judges who own shares in oil stepped down from the case against BP, and several others sold all shares to eliminate any conflict. But Feldman blatantly continued, despite his own personal interest in the outcome.
He has yet to comment on the financial records.