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In reply to the discussion: The truth about Joe Manchin? He's a coal baron of the dirtiest kind. Literally. [View all]Sympthsical
(9,071 posts)27. The article is in plain English
And it is literally one single sentence to work through.
According to his most recent financial disclosure, Manchin gained $492,000 last year due to his non-public shares in a coal company called Enersystems, which records show is a contractor for a power plant in the states north that burns waste coal.
That $492k is literally in his financial disclosure report. These things are public. Unless you're calling Manchin a liar.
Are you calling Manchin a liar? Lying on federal disclosure forms is a serious crime.
Here's some more info for you (took me three seconds to rummage up in the googles)
Manchin earns hundreds of thousands of dollars each year through coal sales to power plants that supply Edison Electric Institute member companies. His family company, Enersystems, is a contractor of American Bituminous Power Partners (AmBit), a coal power plant located near Grant Town, W.V. that provides energy to Monogahela Power Company, according to documents from the West Virginia Public Services Commission (PSC). Also known as Mon Power, the electric company is a subsidiary of energy giant FirstEnergy and an EEI member.
Manchin founded the coal brokerage Enersystems in 1988 and helped run the company, handing control to his son Joseph upon being elected West Virginia secretary of state in 2000 and reportedly moving his holdings into a blind trust between 2005 and 2010. In Manchins most recent financial disclosure, covering the fiscal year 2020, he reports that his non-public shares of Enersystems, a contract services and material provider for utility plants, are worth between $1 million and $5 million, and sent him an income of $492,000. His total income from the company since joining the Senate is more than $4.5 million.
https://readsludge.com/2021/07/01/manchin-profits-from-coal-sales-to-utility-lobbying-group-members/
So what are the falsehoods here?
Reflexive defense of conservative things (again) may occasionally lead people awry.
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The truth about Joe Manchin? He's a coal baron of the dirtiest kind. Literally. [View all]
hedda_foil
Sep 2021
OP
I seem to remember a Representative's* wife recommending that toxic nuclear waste be shipped down...
George II
Sep 2021
#37
Of course you probably wouldn't have known about the coal company direct ownership because....
George II
Sep 2021
#25
I knew he owned a coal mine, didn't know he also owned a sulphur spewing plant as well. Nt
Fiendish Thingy
Sep 2021
#6
Yes, I "deny" it (what is this, "Law & Order"?) As far as I can tell, he has no stake in either....
George II
Sep 2021
#45
Regardless of how you label it, he is a shareholder in the coal industry
Fiendish Thingy
Sep 2021
#46
Manchin is also a member of ALEC (American Legislative Exchange Council) which was founded by ...
Botany
Sep 2021
#11
Most of the interviewers have very thin skin and don't want to be embarrassed by being walked out on
Ferrets are Cool
Sep 2021
#30
Please do some more research about Enersystems. For one thing, their ENTIRE revenue (NOT profit)...
George II
Sep 2021
#15
You're calling for the death, "ASAP", of the Democratic Senator from West Virginia?
George II
Sep 2021
#33
can somebody tell me why a DU administrator told me I broke the rules by critisizing
housecat
Sep 2021
#50