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16
JUN
2014

What are your thoughts on Gov. Scott’s oil drilling interests?

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In his article for the Brandenton Herald, Steve Bousquet writes:

“Gov. Rick Scott’s six-figure stake in a French energy company is angering environmentalists because the firm is involved in oil drilling in Collier County near the Everglades.

Scott and the Cabinet oversee the Department of Environmental Protection, which regulates oil drilling in Florida, and Scott has invested in businesses that could be regulated by DEP and other state agencies.

Asked if he supports drilling in a county where he owns a $9.2 million home, Scott did not directly answer. He said: “You’ll have to talk to DEP.”

To avoid conflicts, Scott put his wealth in a blind trust three years ago, and an adviser is assigned to manage Scott’s money without his knowledge.

“I put everything in a blind trust, so I don’t know what’s in the blind trust,” Scott said last week. In 2011, the original blind trust showed a $135,000 investment in Schlumberger Ltd., the world’s largest oil services company.

Its stock has risen steadily over the past year and trades at $107 a share, but the blind trust prevents the public from knowing whether Scott still has a stake in the company — or whether it has grown.”

Read more here: http://goo.gl/7LKU2x

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