Saturday, February 1, 2020

Elizabeth Warren's Gas Royalties

On her first day as President, Elizabeth Warren says she will "Ban fracking-everywhere," while putting a "Total moratorium" on leases offshore and on federal lands.

Ms. Warren has signed a pledge to refuse campaign contributions over $200 from the oil-and-gas industry.

Ms. Warren's campaign has posted 11 years of her tax returns, which show gas income from at least 2008.

Two weeks later, Sept. 14, Ms. Warren announced her Senate candidacy in Massachusetts.

"We are on the cusp of a climate crisis," she told the Senate that March, "a point of no return that will threaten our health, our economy and our planet." Two months later, deeds dated May 19 say Ms. Warren conveyed to her two children, Alexander and Amelia, her mineral rights for lands in Okfuskee County and Hughes County, amid the Woodford shale field in the state's southeast.

"Her children still own them. They generated a few hundred dollars a year." How long did Ms. Warren and Mr. Mann receive these royalties? Were the amounts larger in the past? The campaign declined to say.

Ms. Warren is a multimillionaire, so it isn't as if a gas royalty would get her humming "We're in the Money."

https://www.wsj.com/articles/elizabeth-warrens-gas-royalties-11580515497?mod=hp_opin_pos_1

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