joe lieberman

Thu, 2014-05-22 14:13Steve Horn
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Documents: Petraeus Fracking Field Trip Reveals ND Government, Oil, Private Equity Nexus

DeSmogBlog has obtained hundreds of documents portraying the blurred lines between North Dakota's government, the oil and gas industry and the private equity world. They also offer one of the first looks inside the professional life of former CIA Director Gen. David Petraeus after he resigned from the agency in 2012.

The documents reveal Kohlberg Kravis Roberts (KKR) — a private equity firm where Petraeus now works at the KKR Global Institute — wrote a press release for North Dakota's State Treasurer announcing the Petraeus visit, meticulously counseled the state treasurer's office on media strategy and hosted the state treasurer on its company plane.

A large part of Petraeus' visit centered around a tour of the state's Bakken Shale basin, where upwards of 1 million barrels of oil are extracted each day via hydraulic fracturing (“fracking”). The Bakken pumped out its billionth barrel of oil during his stay.

KKR, with $87 billion in assets, owns two major Bakken entities: The Ridge in Williston, ND, and Samson Resources.

The Ridge is a KKR-owned housing complex for Bakken oil and gas workers, while Samson Resources is a major company fracking for oil and gas throughout the U.S., including in the Bakken.  

With over $4 billion sitting in an energy investment fund as of June 2012, KKR also owns over $950 million in oil and gas industry assets. Marc Lipschultz, head of energy and infrastructure for KKR, called the firm a “mini oil and gas company“ in an April 2013 interview with Privcap.

“We have our own technical abilities attached to the firm we have our own back office [and] we can manage the daily flows of oil and gas in drilling wells and managing our own hedges,” said Lipschultz. 

Tue, 2012-12-11 11:09Steve Horn
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ANGA Lobbyist Spins Through Revolving Door To Work For Fred Upton

The revolving door spins with rapidity in Washington following election season, and Tom Hassenboehler serves as an Exhibit A.

Hassenboehler served for the past two years as a lobbyist for America's Natural Gas Alliance, the most powerful lobbying force for the unconventional oil and gas industry. Hassenboehler recently accepted a new position working for the U.S. House Energy and Commerce Committee's Energy and Power Subcommittee, and will serve as Senior Counsel under the tutelage of U.S. Rep. Fred Upton (R-MI), the head of the Subcommittee.

Upton is the cousin of Katie Upton, the wife of controversial Chesapeake Energy CEO Aubrey McClendon. McClendon, in turn, was one of the founders of ANGA. Given these ties that bind, one can safely hypothesize that Hassenboehler will continue his promotion of fracking as a “public servant.”

Prior to working for ANGA, Hassenboehler served as a Congressional staffer for climate change denier, U.S. Sen. James Inhofe (R-OK).

Wed, 2007-05-09 10:26Kevin Grandia
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Senate Committee debates climate change action costs today

Its refreshing to see the Senate Environment and Public Works Committee moving on from a debate over whether global warming is a hoax, to one of what to do about ever-increasing US greenhouse gas emissions.

Today the hearing was on the subject of “Emerging Technologies and Practices for Reducing Greenhouse Gas Emissions.”

Mon, 2007-02-19 10:59Bill Miller
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Unlikely coalition pushing Bush for federal cap on carbon emissions

Politicians, business leaders and economists have joined environmentalists in calling for new laws to restrict greenhouse gases. The US administration has thus far rejected these efforts, but momentum for change has been building since the February 2 release of a report by the Intergovernmental Panel on Climate Change that called global warming “unequivocal” and said with 90 percent probability that human activities help cause it.

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