Supreme Court Justice Samuel Alito has reportedly gained as much as $2.9 million from his fossil fuel interests since being tapped to join the high court.
And as the Supreme Court prepares to hear a fossil fuels-related case, that brings Alito’s ability to be impartial into question, Court Accountability co-founder Lisa Graves warned.
Alito, who is the only Supreme Court justice with holdings in energy companies, has refused to step back from the upcoming petition brought by fossil fuel giants Suncor and ExxonMobil. He previously recused himself from a petition from the same companies in 2023,. The new case will determine whether municipal and state governments can seek damages for decades of Big Oil deception regarding the climate harms these companies knew their fossil fuel products would cause—a make or break decision for Alito’s second stream of income.
In 2022, Alito’s wife agreed to lease the plot of land to Citizen Energy, a private oil and gas company. No reporting or public documents indicate that a well has been drilled on this property, but a lease agreement shows that the owners would have received three-sixteenths of the profit from any extracted oil.
Citizen Energy was later purchased by Validus Energy, in which Elliott Investment Management holds a major stake. Alito previously landed in hot water after he failed to disclose a free plane ride he took from Elliott Investment Management’s founder. The firm also owns more than 52 million shares of Suncor, which are worth more than $3.2 billion, according to Court Accountability.
“My view is that you shouldn’t be able to sell a stock just so you can sit on a case, even though that company’s profits have benefited you,” said Graves.
The court is expected to hear oral arguments on October 5.
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