The Manchin Family’s Coal Business
“As Sludge’s David Moore (7/1/21) pointed out, Manchin in 1998 founded a coal brokerage firm, Enersystems, that sells coal to local power plants. He has since passed it on to his son, but it continues to be a lucrative gig for the senator: His latest financial disclosure reported $492,000 of income from Enersystems stock for 2020. Since he took office in 2010, he’s made more than $4.5 million off coal.” 1
“In a recently leaked video, an ExxonMobil lobbyist identified Manchin and other so-called “moderates” as key to the fossil fuel corporation’s strategy of undermining legislative efforts to reduce carbon pollution. As the leaked Exxon exposé made clear, Manchin isn’t the only federal lawmaker who poses a threat to decarbonization. According to Sludge, “Members of Congress had $93 million invested in fossil fuel industry stocks as of December 2019.”” 2
Joe Manchin is lying to us about climate change to protect his annual profits and the wealth of his family. https://t.co/Z6q1Ents1V https://t.co/CDqovbvW0t
— Alex Kotch (@alexkotch) July 15, 2021
- Common Dreams, Julie Hollar, July 27, 2021 – Infrastructure: Manchin’s Significant Coal Profits Not of Interest to Corporate News – Since he took office in 2010, he’s made more than $4.5 million off coal.
- Common Dreams, Kenny Stancil, July 15, 2021 – Manchin—’Very, Very’ Disturbed by Climate Action—Made Nearly $500K Last Year From Coal: Report – “Joe Manchin is lying to us about climate change to protect his annual profits and the wealth of his family.”