Republican Judge Who Overthrew Oil Drill Ban Had Oil Interests

Another Republican appointed Judge…

Another dirty deal.

Martin Feldman was a Reagan Appointee to the Federal Court.

An Under the Table Conflict of Interest

Judge who overturned drilling bans had shares in the oil industry

Martin Feldman, who ruled against Barack Obama’s moratorium, accused of conflict of interests

The judge who overturned deepwater drilling bans allowing BP to resume oil extraction in the Gulf of Mexico, had shares in Transocean and other firms in the industry, it was revealed today.

Yesterday, a Louisiana-based judge Martin Feldman ruled that Barack Obama’s six-month drilling moratorium in the Gulf was unjustifiedbecause it assumed that all deepwater drilling was as dangerous as BP’s.

The White House promised an immediate appeal.

Meanwhile environmental groups have said Feldman’s ruling may have to be rescinded because of the possible conflict of interests.

Feldman’s most recent financial disclosure forms show that he was paid dividends from his shares in Transocean, the firm that owned the Deepwater oil rig that exploded in April killing 11 oil workers, prompting America’s worst environmental disaster.

The forms, which relate to the calendar year 2008, also show that he sold shares in Halliburton, which was also involved in the disaster.

Feldman’s other interests included Ocean Energy, Quicksilver Resources, Prospect Energy, Peabody Energy, Pengrowth Energy Trust, Atlas Energy Resources, and Parker Drilling. Continue reading

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