Fresh off the heels of our story about Rand Paul’s new campaign manager and the Campaign for Liberty, come questions raised after additional research.
Just a few days ago Rand Paul criticized President Barack Obama for suggesting BP be held accountable for its actions in the Gulf of Mexico oil spill. Specifically, Paul said it was un-American to criticize the company.
So. Was Rand Paul speaking with the interests of the American people at heart? Or was he speaking for his own and familial interests?
Here’s why I ask:
Andy LeBlanc, Rand Paul’s brother-in-law, is the finance leader for the Wire & Cable division at Dow. He’s married to Rand’s sister, Dr. Joy Paul-LeBlanc. His bio on the Dow website caught my attention:
In Mr. Leblanc’s previous role, he provided business finance support for the VERSENEÒ chelating agents, Quaternaries, and DAXAD/Glycine value centers. In this role he participated in three separate strategy developments, a competitive mapping exercise and the divestiture of the DAXAD/Glycine business.
Chelating agents. What the heck are chelating agents?
According to Dow, they’re used in “several operations in the drilling, production, and recovery of oil. They can prevent plugging caused by iron precipitation during stimulation and fracturing.” They’re also used for scale removal and prevention on well casings and can prevent scaling in boilers used for enhanced oil recovery steam flooding.
Raises lots of questions… like whether or not those chelating agents could have been used in the well/rig/equipment involved in the Gulf disaster. Were they used? Are they used? Does Dow have a business relationship of any sort with BP or the company that owns the rig BP was leasing?
And for the record: there are direct ties to that particular oil rig and Dow. The Vice President and Chief Compliance Officer of the company that owns it – Transocean – is Michael Munro. Take a look at his bio:
Mr. Munro has extensive experience leading global compliance programs. Prior to joining Transocean as Chief Compliance Officer and Associate General Counsel in 2008, Mr. Munro served as Global Director of Ethics and Compliance at Baker Hughes, Director of Compliance and Associate General Counsel at the Bristow Group, and in various roles in his 17 years at Dow Chemical, including Deputy Director, Global Ethics and Compliance; Managing Counsel, International Trade and Logistics; Corporate Employment and Labor Counsel; Corporate M&A/Finance Counsel and Labor Relations Manager, North America.
17 years at Dow Chemical. Now you know why I’ve got questions.
Additionally, Rand Paul’s brother, Ronnie, works for Dow. Ronnie’s also a member of Rand Paul’s Alchemy, LLC (more on Alchemy here and here). Which begs the question of whether or not Rand himself is directly benefiting from his attack on Obama.
More – Is Alchemy, which receives “royalties,” receiving oil royalties? Could that also be a motivator? What about the Campaign For Liberty? Is that organization invested in oil? And beyond the income Rand received from Alchemy on his PFD, how much was paid to his brother and to his dad, who didn’t report the company on his PFD?
One needs to know the answers to these questions before we can truly discover whether or not Rand Paul was speaking honestly or for his family’s personal financial gain.