President Obama today promised a full investigation into the Deepwater Horizon oil disaster. Obama said the administration will consider whether what has happened amounts to a crime and won't allow new offshore drilling until we know what went wrong.
As Obama spoke, he was flanked by the two co-chairs of the bipartisan National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling. The Republican co-chair, William K. Reilly, has spent a career in the industry he'll now probe. A former chief of the Environmental Protection Agency, Reilly currently serves on the board of directors of:
- DuPont, which provides technologies for oil and gas extraction
- Energy Future Holdings, a Texas-based electric utility company
Reilly was also a founding partner of Aqua International Partners, an investment group with interest in water and renewable energy.
The PEU Report runs the numbers on what these positions might be worth to Reilly in terms of board compensation and his stockholdings. (Short answer: A lot.)