On Eve of Caucuses, Clinton Rakes in Fracking Cash

[Lorien]

Less than a week before the Iowa caucuses, Hillary Clinton attended a gala fundraiser in Philadelphia at the headquarters of Franklin Square Capital Partners, a major investor in the fossil-fuel industry, particularly domestic fracking. The controversial fracking industry is particularly powerful in Pennsylvania, which will host the Democratic National Convention this July.

Clinton has avoided taking any clear stand on fracking. While she has embraced the Clean Power Plan, which assumes a strong increase in natural-gas power plants, she also supports a much deeper investment in solar electricity than the baseline plan. The pro-Clinton Super PAC Correct the Record, run by David Brock, touts Clinton's aggressive pro-fracking record.

Numerous grassroots groups have risen to oppose the toxic fracking of Pennsylvania and its labor abuses, including Marcellus Protest, No Fracking Way, Pennsylvanians Against Fracking, Keep Tap Water Safe, Stop Fracking Now, and Stop the Frack Attack.

More: http://www.huffingtonpost.com/brad-johnson/on-eve-of-caucuses-clinto_b_9117712.html



So, will Hillary fans suddenly fall in love with fracking, or will they just say "no big deal...hey, guess what! Bernie is a sexist racist and so are his supporters!!"

[BreakfastClub]

1. Why didn't anyone care when Obama was doing the same exact thing in '08 and '12? nt

[Tierra_y_Libertad]

2. People, environmentalists cared, but what difference does that make?

It's still an issue that should be discussed. That Hillary is cashing in on her support of the oil industry is an issue.

[BreakfastClub]

3. I think it's a phony issue and one that is only selectively cared about. nt

[Lorien]

6. You're F-ing kidding me. You think that FRACKING is a "phoney issue"??

At least you proved me right (by poo-pooing the subject and then switching it). Hillary fans are nothing if not predictable. But she's taking BRIBES from one of the most destructive planet killing practices on earth. Please educate yourself. Our survival as a species depends on us stopping this insanity:

[Lunabell]

11. Phony issue?

Kind of like climate change, huh?

[Lorien]

4. Is this post about Obama? No. Let's talk about HILLARY.

For the record, I was a fan of neither in '08, though I voted for the lesser of evils (Obama).

[ebayfool]

5. Hillary fans are already defending fracking here.

See:
http://www.democraticunderground.com/12511438279

"If Bernie bans fracking, will he take responsibility when price of oil goes right back up?"

The price of oil is low now because of fracking is the new and improved meme.

Sad ain't it? Any thing, ANYTHING!, Clinton is for is now acceptable!

[Lorien]

7. Good God, they sound EXACTLY like Rush Limbaugh dittoheads that I worked with

in 2006! I've lost every bit of respect and regard I once had for them. These people are full on hardcore right wing Republicans, and nothing less!

[Divernan]

8. Price of oil low because Saudi Arabia wants to fuck over Russia/OPEC

[Feeling the Bern]

9. I sincerely believe there is nothing progressive about HRC or her followers

They are Republican Lite. But what do you expect from a Kissinger loving former Wal-Mart Board member Goldwater girl and her followers that choose to ignore her track record, voting record or comments on the record.

[PonyUp]

10. Unreal! Whoever thought fracking would be defended on this site. Zombies For Hillary. nt

[Amimnoch]

12. Another cheap smear hit peace.. and then some on your siide wonders why some on mine revert to the

same tactics.

First let's be clear, this is NOT a fracking company this is a capital investment company.

Do you have a 401K? Have you voted for Sanders? Guess what, you very likely have ties to Oil and gas and possibly fracking as well. Does that make Sanders bought and paid for by O&G and Fracking? Ridiculous.

This article also shows its obvious bias but using the relative and incorrect term "heavily invested" unless you consider 3% of investment capital "heavily". Only 1 of their 6 major funds in targeted at Engergy (the FS and Energy power fund).

What's also interesting about that 1 fund that does invest a small percentage of it's allocation into Fracking, is that their focus is investing in the small companies, what's more, where most O&G tied investment funds have lost value over the last couple years, this on has gained. Why? It's what they invest in.

This article was quick to point out that the "heavily invested" 3% of the 1/6th major fund is in Fracking. However, one must ask if they want to point THAT out, why it failed to also point out that just under 21% is targeted at investing in clean energy (solar, wind, hydro). Maybe it's just me but I consider 21% to be closer to "heavily invested" than 3%?