Image via CNN The billionaire financier Carl Icahn snapped up $929 million worth of shares in oil-related energy companies in the months following the explosion at the Deepwater Horizon site , new reports are revealing. Icahn made the nearly $1 billion bet as shares in the industry were falling to all-time lows, and it’s thought that this investment helped the energy sector rebound in July. But what I want to focus on is the nature of Icahn’s bet: His $1 billion bet was based … Read the full story on TreeHugger
Excerpt from:
Financier Made $1 Billion Bet on Oil During BP Spill
