Newsoms Invested in BP Oil Rig: Report

Wednesday, Jun 30, 2010  |  Updated 12:36 PM PDT
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Hey BP: Here's an Idea For You

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PALO ALTO, CA - APRIL 21: San Francisco Mayor Gavin Newsom (L) and his wife Jennifer Siebel speak to reporters following a visit to the Facebook headquarters April 21, 2009 in Palo Alto, California. San Francisco Mayor Gavin Newsom, a Democrat, announced today in a Twitter message that he is officially running for governor of California. (Photo by Justin Sullivan/Getty Images)

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The San Francisco Chronicle has a story about San Francisco Mayor Gavin Newsom and his wife, Jennifer Siebel Newsom, that links them to the Deep Water Horizon disaster in the Gulf of Mexico.

It says the couple owns a piece of Transocean Inc, which is the company that owns the ruptured rig.  BP leased the rig from Transocean.

The investment was made, according to a recently filed economic disclosure statement obtained by the paper, by Siebel-Newsom's trust. The filing shows the Transocean transaction was made just a couple months after Siebel turned 35 and took control of trust.

It wasn't clear the exact amount of money invested in Transocean, but it was somewhere between $10,000 and $100,000.

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