Guardian: Judge who overturned drilling bans had shares in the oil industry

Louisiana-based judge Martin Feldman, who yesterday overturned President Obama’s six-month drilling moratorium in the Gulf of Mexico because it assumed that all deepwater drilling was as dangerous as BP’s, was revealed today to have had shares in Transocean and other firms in the industry.

Feldman’s most recent financial disclosure forms show that he was paid dividends from his shares in Transocean. 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 has yet to respond to the disclosures. He is one of many federal judges across the Gulf Coast region with money in oil and gas. Several have disqualified themselves from hearing spill-related claims, while others have sold their holdings so they can preside over many cases being filed.

READ THIS STORY AT GUARDIAN.CO.UK

Louisiana-based judge Martin Feldman, who yesterday overturned President Obama’s six-month drilling moratorium in the Gulf of Mexico because it assumed that all deepwater drilling was as dangerous as BP’s, was revealed today to have had shares in Transocean and other firms in the industry.

Feldman’s most recent financial disclosure forms show that he was paid dividends from his shares in Transocean. 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 has yet to respond to the disclosures. He is one of many federal judges across the Gulf Coast region with money in oil and gas. Several have disqualified themselves from hearing spill-related claims, while others have sold their holdings so they can preside over many cases being filed.

READ THIS STORY AT GUARDIAN.CO.UK

Niamh Marnell

Niamh Marnell

Niamh Marnell earned a master's degree in social sciences from the University of Chicago where she examined organizations and power from the perspective of political science and sociology. You can follow her at http://twitter.com/NiamhMarnell.

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