Before Cesspool became the lead villain for Cobra’s half of the 1991 Eco-Warriors subset, Kurt Groen pitched this unnamed character, a pirate oil baron.
I’m not sure what he’s dropping, something with a Joe logo — a pouch? Spirit’s ponytail? Later, when Groen colored this, he added a backpack with an oil-shooting weapon, looking ahead to the water-squirting weapons that each Eco-Warrior came packaged with.