All we can say is: Madonna, don't preach
Madonna may be taking the stage for the environment over the weekend in London’s Live Earth show, but Fox News' Roger Friedman points out the Material Girl has invested about $2.7-million in companies the concert would like to see shuttered.
Madge’s Ray of Light Foundation owns shares in several companies making the University of Massachusetts’ Political Research Institute 2002 list of most toxic companies: Alcoa (No. 9 on the all-time list), Ingersoll Rand, tree-killing Weyerhaeuser (No. 42), and several others associated with oil exploration, digging, and refining including British Petroleum, Schlumberger (a chief competitor of Halliburton), Devon Energy, Peabody Energy, Emerson Electric (No. 56), Kimberly Clark (No. 96) and Weatherford International.
A Detroit native, Madonna even has 175,000 shares of Ford Motor Co. (No. 7), hardly an environmental leader. Friedman writes her last published tax statement — 2005 — claims $4.2 million in corporate stock, and only $620,000 in charitable donations.
Of course, she hasn’t invested a dime in Warner Music Group, which dispenses her pop ramblings. That should tell you something.
[Photo: Getty Images]