Is Mourdock a Consistent Conservative? You Decide. Mourdock 1) supported the Fairness Doctrine;2) wanted to slash U.S.troop levels overseas;3)took no position on whether Congress should roll back penalties imposed on employers that hire illegal immigr
BigNews.Biz - Apr 27,2012 - Is Mourdock a Consistent Conservative? You Decide.
As the Mourdock campaign tries to explain yesterday's revelation that Richard Mourdock 1) supported the Fairness Doctrine; 2) wanted to slash U.S. troop levels overseas; 3) took no position on whether Congress should roll back penalties imposed on employers that hire illegal immigrants; and 4) supported an unaffordable education proposal that would grow government and debt...
...we continue to learn more about Mourdock's record and whether Republicans can trust his so-called conservative values. While Senator Lugar's energy bill and arguments helped derail Obama's cap-and-trade, the Associated Press says Richard Mourdock "could benefit from climate regulations." According to the AP:
A leading tea party candidate who hopes to knock off venerable Sen. Richard Lugar in next May's GOP primary has campaigned heavily against measures to combat climate change even as he holds stock in an energy company that's banking on those regulations to help build a market for its product.
Indiana Treasurer Richard Mourdock holds up to $350,000 in stock in USA Synthetic Fuel Corp. and its parent company, Global Energy Inc., according to his latest federal financial disclosure filings. The Cincinnati-based companies are seeking financing for a coal-gasification plant in Lima, Ohio, that has been pitched to investors and Obama administration officials as a clean energy alternative to more traditional power sources.
In a filing with the Securities and Exchange Commission, USA Synthetic Fuel said part of its business strategy relies on being able to produce synthetic natural gas cheaper than traditional natural gas suppliers as demand for the fuel grows under expected climate change regulations.
Tea party members and Republicans nationwide say the regulations being pushed by the Obama administration amount to a national "energy tax" because they would increase the overall price of power by limiting cheaper, but dirtier, fuel sources.
He said he has no plans now to divest the stocks, the values of which are listed only as a range on his federal financial form. The stock in both companies accounts for 5 percent to 28 percent of Mourdock's personal investments.
In forms filed with the SEC, USA Synthetic Fuels said it would be in a good position to take advantage of the Obama-driven climate change regulations because it captures all of the carbon dioxide when it converts coal to synthetic natural gas.
Vice President Dwight Lockwood said his company has always planned to capture its carbon dioxide emissions and believes climate change regulations are inevitable, making it better to be ahead of the curve.
"Our decision to do it is philosophical," Lockwood said. "You can read the tea leaves and know that somebody is going to have to do something, so we may as well get started."
Is Mourdock a Consistent Conservative? You Decide.