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To: Red Badger

DOES AL GORE STILL OWN OCCIDENTAL????


49 posted on 10/30/2023 8:52:30 AM PDT by ridesthemiles
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To: ridesthemiles

Gore family
Former CEO Armand Hammer was a long time friend of former U.S. Senator Albert Gore, Sr. and Gore was a member of the board of directors of the company. In September 1972, after he lost an election for the United States Senate in 1970, Gore became the head of Island Creek Coal Company, an Occidental subsidiary.[104] Much of the company’s coal and phosphate production was in Tennessee, the state Gore represented in the Senate, and Gore owned shares in the company.[105] The company liquidated its coal assets in 1993 after Hammer died.[26]

Former Vice President of the United States Al Gore was criticized by environmentalists when he inherited shares in the company after the death of his father in 1998; however, the shares were immediately sold.[106][107][108]

In 1998, the U.S. government sold the Elk Hills Oil Field to Occidental for $3.65 billion after an auction process that involved selling the field in segments and offering it to multiple bidders.[109] However, critics cited the Gore family’s involvement with the company as evidence of graft.[106]

https://en.wikipedia.org/wiki/Occidental_Petroleum


50 posted on 10/30/2023 8:54:26 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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