UNDUE INFLUENCE

The Energy Foundation

Undue Influence by Ron Arnold
The Energy Foundation
 Presidio Building 1012, 2nd Floor, Torney Avenue
P.O. Box 29905
San Francisco, CA 94129-0905
(415) 561-6700 (telephone)
(415) 561-6709 (fax)
energyfund@ef.org (e-mail)
http://www.ef.org/ (web page)

Description: a consortium of 7 large foundations with combined assets of $21 billion and substantial investments in shares of oil and gas corporations other than Exxon Mobil. The primary funder of the key attack group in the anti-Exxon Mobil campaign, Texas Fund for Energy and Environmental Education.

In their own words: "The Energy Foundation was launched in 1991 by The John D. and Catherine T. MacArthur Foundation (assets $4.1 billion), The Pew Charitable Trusts (assets $2.8 billion), and The Rockefeller Foundation (assets $3.1 billion). The Joyce Mertz-Gilmore Foundation (assets $124.9 million) joined as a funding partner in 1996, and The McKnight Foundation (assets $1.9 billion) joined in 1998. In 1999, The David and Lucile Packard Foundation (assets $6.2 billion) joined to support two programs: the U.S. Clean Energy Program and the China Sustainable Energy Program. In 2001, the William and Flora Hewlett Foundation (assets $2.7 billion) joined the Energy Foundation." (asset amounts added)

The Energy Foundation's constituent foundations own substantial stock in oil & gas companies other than Exxon Mobil. Figures show 1) name of stock; followed by 2) number of shares owned; followed by 3) fair market value. Obtained from foundations' Form 990PF:

John D. and Catherine T. MacArthur Foundation

  • Knightsbridge Tank Ltd.                                8,300      $183,558.25

  • Oryx Energy Co.                                           38,300      $528,083.75

  • Parker Drilling Co.                                        43,900      $146,306.25

  • Swift Energy Co                                            34,700      $255,812.50

  • Imperial Oil Ltd                                            33,500       $538,093.75

  • Transcanada Pipeline Ltd                                 500           $7,375.00

  • Westcoast Energy Inc.                               26,100       $518,737.50

  • Calenergy Inc.                                             22,100       $786,593.75

  • DTE Energy                                                   32,800    $1,412,450.00

  • Energy E. Corp Com                                   33,900    $1,915,350.00

  • Entergy Corp New Com                             46,300    $1,441,087.50

  • DTE Energy                                                    4,200        $180,863.00

  • Energy East Corp                                             600          $33,900.00

  • Entergy Corporation                                       200             $6,225.00

  • Ethyl Corp                                                      2,100          $11,813.00

  • Forest Oil Corp                                              3,900          $33,150.00

  • Imperial Oil Ltd                                             4,300          $69,069.00

  • Offshore Logistics                                            100            $1,188.00

  • Tesoro Petroleum Co                                   9,300        $112,763.00

  • Transcanada Pipeline Ltd                            8,200       $120,950.00

  • Westcoast Energy Inc.                                3,300         $65,588.00

  • Anadarko Petroleum                                    3,400       $104,975.00

  • Atlantic Richfield                                           1,500         $98,063.00

  • Atmos Energy Corp                                      3,400       $109,650.00

  • Coho Energy                                                11,900         $33,469.00

  • Duke Energy Corp                                         1,200         $76,875.00

  • EEX Corp                                                         5,199         $36,393.00

  • Forcenergy Inc.                                         1  2,500        $32,813.00

  • Marken Energy                                             24,700        $49,400.00

  • Interstate Energy                                          2,000        $64,500.00

  • MCN Energy Group                                         4,300        $81,969.00

  • Occidental Petroleum                                   4,600         $77,625.00

  • Ocean Energy Inc                                          3,900         $24,863.00

  • Oryx Energy Co.                                            4,400          $59,125.00

  • Pennzoil-Quaker State                                 1,700          $25,075.00

  • Pennzoil Co                                                     1,700          $27,731.00

  • Snyder Oil Corp                                              3,100          $41,269.00

  • Teco Energy  Inc                                            7,500        $211,406.00

  • Petroleosicia Esp                                         15,000        $557,888.26

  • PVTPL Petroliam Nasional Berhad Ser   770,000        $629,937.00

  • PVTPL Paiton Energy Fdg                         785,000        $160,850.00

  • Calenergy Inc.                                            410,000        $455,259.90

  • TN Gas Pipeln Co                                        555,000         $555,680.45

  • Union Pacific Fuels                                     395,000        $398,143.55

  • Mobile Energy Svcs Co                              596,184        $178,855.06

  • PVTPL Oil Pur Co                                         734,655        $704,570.67

  • CalTex Australia NPV Sedol                          6,100          $14,965.74

  • Woodside Petroleum NPV                             9,300          $41,640.34

  • Alberta Energy Co                                         2,503           $53,775.39

  • Anderson Exploration                                   3,418           $30,931.12

  • Gulf Canada Res                                             3,800          $11,009.11

  • Numac Energy Inc                                         3,300             $7,197.27

  • Pancanadian Petro Ltd.                                3,600           $40,546.88

  • Petro-Canada Euro                                        6,000        $634,476.56

  • Philip Services Corp                                       1,800                $527.34

  • Poco Petro Ltd                                                3,553           $29,608.33

  • Ranger Oil Com NPV                                      3,021           $13,374.22

  • Renaissance Energy Com                             1,800          $20,449.22

  • Shell Can Ltd                                                   1,848          $28,032.81

  • Talisman Energy In Com                               1,200           $21,054.69

  • Transcanada Pipeline Ltd                            10,186        $148,877.41

  • S/Petrochem H'CNYi                                   440,000         $39,756.04

  • Shanghai Diesel B'CNYI                              208,580         $25,029.60

  • Primagaz FRF                                                       730          $68,259.96

  • Contigas DT Energi Ord                                   1,470          $98,052.95

  • Mobil Oil Ghana NPV                                        3,650           $26,517.09

  • Swire pacific A'HKD                                       16,000           $71,664.14

  • Swire Pacific B'HKDO                                      50,000          $33,237.60

  • Magyar Olaj-Es Gaz Huf1000                          3,846        $105,754.06

  • Primagaz Hungaria                                           5,469          $64,648.89

  • So Petrochemical Inds                                   25,100          $75,327.50

  • Arabian Oil Co                                                    3,300          $42,449.47

  • KOA Oil Co JPY                                                   4,000          $11,843.97

  • Nippon Oil Co.                                                  24,000          $83,829.79

  • Nissan Diesel Mtr Jpy                                       9,000           $16,196.81

  • Teikoku Oil Co. Jpy                                            6,000          $17,919.15

  • Royal Dutch Petrol NLG                                   52,337    $2,807,507.59

  • Petroleum Geo Svs                                               708             $9,013.78

  • ADR Oil Co Lukoil                                               1,000            $15,500.00

  • Petroleos (CIA ESP)                                         4,250          $158,067.77

  • Burmah Castrol Ord                                         7,601          $106,757.34

  • Premier Oil Ord                                                41,000           $10,658.43

  • Petrol Brasileiros Pref                              1,252,533          $142,021.12

  • ADR Oil Co Lukoil                                                   600              $1,950.00

  • Statoil Cusip                                               3,800,000      $3,888,476.00

  • Nippon Oil Co.                                                431,000      $1,505,433.26

  • Nisshin Oil Mills                                                85,000          $164,804.98

  • Magyar Olaj-Es Gaz Huf                                   7,153          $197,422.80

  • ADR Oil Co Lukoil                                             10,650          $165,075.00

  • BP Amoco Ord                                                  79,095      $1,181,082.52

  • British Energy Ord                                           86,300         $758,360.37

  • Petrol Brasileiros Spon                                   37,800         $406,350.00

Rockefeller Foundation did not file its investment portfolio with its 1999 Form 990PF and requested an extension of time to file with the IRS. The following is a list of companies in the portfolio from 1998, without amounts.

  • ABB AB

  • AMERADA HESS

  • AMOCO (Now BP-Amoco)

  • ATLANTIC RICHFIELD (Now part of BP-Amoco)

  • BRITISH PETE (Petroleum)

  • BSES LTD

  • CEMIG SA

  • CESP SA

  • CHEVRON CORP

  • CHUBU ELECTRIC POWER

  • C L P HOLDINGS

  • COHO ENERGY

  • CONSOLIDATED EDISON, INC.

  • COOPER CAMERON CORP

  • COPESUL

  • COSMO OIL CO.

  • DOMINION RESOURCES, INC.

  • DONCASTERS PLC

  • DQE, INC.

  • EL PASO ELECTRIC CO.

  • ELEC DE CARACAS

  • EMPRESA NACIONAL DE ELCTRICIDAD S.A.

  • ENKA HOLDINGS (Turkey)

  • ENRON

  • ENTERGY CORPORATION

  • FPL GROUP

  • GENER SA

  • GULF INDONESIA RESOURCES LIMITED

  • HALLIBURTON

  • HONG KONG AND CHINA GAS

  • HUB POWER GROUP (THAILAND)

  • HUANENG POWER INTERNATIONAL, INC.

  • KCS ENERGY

  • LIGHTPAR

  • NAVIGANT CONSULTING, (Formerly the Metzler Group)

  • SANTOS LTD

  • SCHLEMBERGER

  •  THE SOUTHERN COMPANY

  • PETROLEO BRASILEIRO

  • PHILLIPS PETE CO.

  • PRIDE INTERNATIONAL, INC.

  • PTT EXPLORATION & PRODUCTION PUBLIC COMPANY

  • ROWAN COMPANIES, INC.

  • TEXAS UTILITIES CO

  • TIDEWATER

  • UNIFIED ENERGY SYSTEMS OF RUSSIA

  • UNOCAL

  • USX MARATHON GROUP

  • WISCONSIN ENERGY

  • WOODSIDE PETROLEUM

  • YPF SOCIEDAD ANONIMA

  • ALLEGHENEY ENERGY

Pew Charitable Trusts [There are 7 Pew Trusts. Figures are from the 3 largest.]

J. N. Pew Jr. Trust

INVESTMENT SHARES AMOUNT

 Chevron Corp

 40,800 $3,371,371

 USK Marathon Group (New Com)

 82,100 $2,473,263

 Atlantic Richfield 

27,700 $2,059,420

 Mobil Corp    

27,291  $1,897,471

 Mitchell Energy & Development Corp "B"

    1,400        $37,539

 Vintage Petroleum Inc 

   8,605     $170,444

 Encap Energy Capital Fund III

    7,275         $7,275

 Beloc Oil & Gas Corp 

10,600       $92,834

 Horizon Offshore

   6,502       $38,196

 Miller Exploration  

  6,100    $100,431

 Phillips Petroleum

  21,414    $936,599

 Columbia Energy Group

    3,600    $210,911

Mabel Pew Myrin Trust (Nearly identical in content to J. N. Pew Jr. Trust, totals only):

Energy stocks 

$8,485,624

Pew Memorial Trust (This investment portfolio contains over $24 million worth of Exxon Mobil common stock. Pew's contribution to the Energy Foundation in part funds an activist group intent on lowering or eradicating the value of this investment.)

INVESTMENT SHARES AMOUNT

 Burlington Resources   

 38,300  $1,934,150

 Coastal Corporation

40,654  $3,590,256

 Exxon Mobil Corporation

 97,641  $8,488,664

 Kerr McGee Corp  

 27,222   $1,822,173

 Occidental Petroleum Corp      

 159,800   $3,875,150
 MCN Energy Group Inc  69,400   $1,921,513
 Helmerich & Payne Inc.   44,700   $1,961,213
 Occidental Petroleum Corp 295,100   $7,156,175
 Ocean Energy Inc  132,000   $2,293,500
 Pittston Brink's Group     30,800      $612,150
 Swift Energy Co  128,986   $4,853,098
 Vintage Petroleum Inc  41,850      $899,775
 Southern Energy Inc.    37,500   $1,061,719

 Energy East Corp

    16,430   $3,234,656
 Burlington Resources    24,725   $1,248,613
 Chevron Corp    9,100      $768,381
 Coastal Corporation    18,800   $1,660,275
 Exxon Mobil Corporation   50,895   $4,424,684
 Kerr McGee Corp     18,150   $1,214,916
 Occidental Petroleum Corp    34,125      $827,531
 Schlumberger Ltd   16,325   $1,304,980
 MCN Energy Group Inc    62,525   $1,731,161
 Chevron Corp    40,600   $3,428,163
 Exxon Mobil Corporation    53,700   $4,668,544
 Schlumberger Ltd    46,600   $3,725,088
 Transocean Sedco Forex    46,800   $2,152,800
 Duke Energy Corp    29,400   $2,506,350
 Burlington Resources    59,550  $3,007,275
 Coastal Corporation    62,300  $6,902,838
 Exxon Mobil Corporation    79,400  $6,902,838
 Kerr McGee Corp    41,950  $2,808,028
 Occidental Petroleum Corp    241,525  $5,856,981
 Duke Energy Corp    31,550   $2,689,638
 MCN Energy Group Inc    10,4200   $2,885,038

Joyce Mertz-Gilmore Foundation
 
INVESTMENT SHARES AMOUNT

 Forest Oil 

  1,150     $42,406

 Helmerich & Payne Inc 

  2,500   $109,687

 Marine Drilling Cos Inc