0

« Democratic Party sends letter to Daphne Campbell highlighting ‘questionable ethics’ | Main | NextGen drops another six-figure digital ad for Gillum »

As feud with Graham escalates, Greene says he’s sold off oil and energy investments

Jeff Greene

Billionaire real estate developer Jeff Greene says he’s sold off oil and energy investments that have become a flashpoint in his campaign to become Florida’s next governor.

Greene, who listed $3.3 billion in assets this summer, said he sold off all his stake in Exxon Mobil Corp., Hess Corp., Kinder Morgan and Apache — all companies involved in oil and gas exploration or transportation. Altogether, his campaign said he sold a combined 245,000 shares in the companies for about $16.5 million.

Most of the investments were the source of criticism Wednesday by Democratic frontrunner Gwen Graham, with whom he’s engaged in an increasingly contentious feud over the past week. Greene’s announcement that he’d sold the stock came immediately after Graham’s campaign blasted the oil and energy investments listed on his financial disclosure.

Graham’s campaign said Greene was “profiting off Gulf oil drilling” and accused Greene of hiding the extent of his investment in oil and energy by declining to disclose the value of some of the investments he listed as secondary sources of income.

Read the rest here.

Comments