MP buys into coal
KEN O’Dowd’s intense opposition to the Gillard Government’s proposed carbon tax took a hit this week as reports emerged of a potential conflict of interest on the Federal MP’s part.
The Member for Flynn hit back at claims he was being hypocritical for buying 10,000 shares in coal exploration company East Energy Resources in May.
He was one of several Opposition members accused of purchasing energy shares while the Coalition warned the nation of the potential implications of the carbon tax.
“I bought the shares and declared them on the Member’s Pecuniary interests register because I have faith in the Australian coal industry,” Mr O’Dowd said.