A recent press release by the Russ Carnahan campaign provides some strong clues as to the real reasons Martin is working so hard to distract from his own financial disclosure forms. It turns out that Martin, a strong defender of the oil industry throughout the recent Gulf disaster, has many connections to Big Oil companies. From the press release:
With a track record of defending BP and calling for fewer regulations of Big Oil, Ed Martin didn’t want people to know about the hundreds of thousands of dollars in Big Oil stocks his family owns...The press release goes on to highlight Ed Martin shamelessly defending the oil industry that is destroying the Gulf environment even as I type this:
Last year, Exxon and Chevron – Big Oil corporations in which Martin’s wife reports owning between $101,000 and $265,000 in stocks – handed over a whopping $8 billion and $5.5 billion in dividend payments to shareholders. Exxon is the Martin family’s single largest stock holding.
Even with millions of gallons of oil spewing into the Gulf of Mexico, Ed Martin has unapologetically defended Big Oil, saying that “drilling for oil isn’t what caused this accident.” (KMOX, May 28, 2010)With serious connections to an industry that is one of the worst, if not the worst, examples of corporate abuse of power, it's no wonder Ed Martin is doing everything he can to distract from his financial disclosure forms.
What’s more, despite mounting evidence that BP caused the devastating spill by deliberately ignoring industry standards and cutting corners in order to maximize their profits, Martin thinks the solution is LESS oversight of Big Oil, saying that corporations like BP should be allowed to drill “anywhere, anytime, anyhow.” (KMOX, May 28, 2010)
In fact, in Martin’s view, the BP spill wasn’t caused by BP breaking the rules in order to make as much money as possible --- no, in Ed Martin’s world, this spill it was caused by “overregulation over the decades as government encroached where it does not belong.”