Lon Johnson spent much of the last campaigning in Northern Michigan on the basis of shutting down the Line 5 pipeline owned by Enbridge. Line 5 oil pipelines traverses the straits’ bottom just west of the Mackinac Bridge.
He attacked Congressman Dan Benishek for owning an interest in funds that invested in Enbridge and put himself forward as a protector of the environment.
Progressives are now fuming on social media about Lon Johnson’s own investments in Enbridge. It turns out that Johnson has a financial interest valued up to $50,000 in BlackRock Global Allocation Fund Inc Institutional. The BlackRock Global Allocation Fund included 102,000 shares of Enbridge, and has a value of more than $5 million invested in Enbridge.
It is more than a little hypocritical for Johnson to attack someone for having a financial interest in Enbridge when he himself has a financial interest in Enbridge. Johnson is willing to profit from the financial success of the pipeline company while simultaneously criticizing the company and attack others for having a financial interest.
Source: Conservative Intell