Meet the Congress Members Trading Defense Stocks While Shaping Military Policy

The New York Times reported this week that 97 members of Congress “bought or sold stocks, bonds, or other financial assets that intersected with their congressional work or reported similar transactions by their spouse or a dependent child” between 2019 and 2021. With more than 3,700 such trades in those three years alone, the investigation reveals potential conflicts of interest in nearly every area of policymaking. Defense policy is no different. At least 25 members sat on committees that shape national security policy while simultaneously trading financial assets in companies that could create competing interests with their work, such as…

Lockheed Martin Gave Over $250k to Politicians as They Discussed Ukraine Bills

As lawmakers in Congress debated billions of dollars’ worth of aid to Ukraine, including military aid, major defense contractor Lockheed Martin was spending hundreds of thousands of dollars on campaign donations, new disclosures show. As reported by Insider, Lockheed Martin’s PAC spent $256,000 in April on donations to members of Congress, a gubernatorial campaign and PACs of both major parties. The company made 147 donations in total to the campaigns of federal lawmakers, including donations to five members of the Senate Armed Services Committee and 27 members of the House Armed Services Committee, both of which oversee military and defense…

Activists Condemn Deep-Sea Mining Effort by Defense Contractor Lockheed Martin

A leading conservation group on Friday sounded the alarm after military-industrial complex giant Lockheed Martin filed an application with the U.S. government to renew licenses allowing deep seabed mining exploration in the Pacific Ocean. “Mining the deep sea is as destructive as strip mining the mountains of Appalachia, extinguishing whole ecosystems with a single blow,” Miyoko Sakashita, oceans program director at the Center for Biological Diversity (CBD), said in a statement. “The federal government shouldn’t renew these licenses.” Although there are no current commercial deep seabed mining operations, the International Seabed Authority has issued exploration licenses to state-owned companies and…

Greene Bought Oil, Defense Stocks While Complaining About War Profiteers

New financial filings reveal that far right Rep. Marjorie Taylor Greene (R-Georgia) bought up to $15,000 in stock in defense manufacturers and energy companies two days before Russian forces invaded Ukraine. On February 22, Greene bought stocks in defense industry giant Lockheed Martin and military supplier Caterpillar. She also bought between $1,000 and $15,000 worth of stock in Chevron and NextEra Energy, a utility and energy company. All of these companies’ stocks have grown in the weeks since Vladimir Putin launched his invasion of Ukraine, with Lockheed Martin up by about 20 percent since then. The purchases came the day…

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