Dan Coats: Chavista, Goldman Sachs Lobbyist, Senate Candidate
It’s a day of nuclear-strength oppo hits on Dan Coats, the former Indiana senator who’s running for his old job against Sen. Evan Bayh (D-Ind.). The ugliest comes in the form of his work on behalf of Harvest Natural Resources. Why does that matter?
In 2007, when Coats’ firm was still lobbying, company officials inked a deal with the Chavez government that gave a controlling stake in its local operations to Venezuela’s state oil company. Harvest retained about a third of the revenues generated in the country, according to a Reuters report from the time.
In addition to its 60 percent share, Chavez’s socialist regime collects more than half of Harvest’s income in taxes, according to news accounts.
Reid Wilson has the rest of Coats’ clients from his lobbying career, including Goldman Sachs and Bank of America.