Breaking News: Bill Richardson withdraws as Commerce Secretary nomination

The NYT and AP report:

Gov. Bill Richardson of New Mexico confirmed in a statement released Sunday afternoon that he has withdrawn his name as the commerce secretary nominee, citing a pending “investigation of a company that has done business with New Mexico state government.”

Mr. Richardson says in the statement that he and his administration “have acted properly in all matters,” but that the “ongoing investigation also would have forced an untenable delay in the confirmation process.”

That is really too bad, because Richardson was a big supporter of clean energy and climate action — and that is quite rare for a Commerce Secretary (see “The first green Secretary of Commerce“). I hope PEBO picks someone else who understands that the future of American commerce is cleantech.

2 Responses to Breaking News: Bill Richardson withdraws as Commerce Secretary nomination

  1. I hope his name is cleared, Bill Richardson was my primary choice.

  2. AlanSmithee says:

    Oh yeah. He’d have been the greenest of green ComSecs.


    As benefits a leading politician from one of the nation’s historic bastions of oil and gas, Richardson has a network of connections with [and contributors from] the petroleum industry.

    He sat on the boards of directors of three large oil companies–San Antonio-based Valero Energy Corp, Houston-based Diamond Offshore Drilling, and Denver-based Venoco. Diamond Drilling, the offshore exploration firm with deep Republican ties on whose board Richardson served in 2001 and 2002, is engaged in offshore drilling. Venoco is an oil producer with a first-of-its-kind controversial horizontal drilling project in a state sanctuary off the coast near Santa Barbara.

    He sold all of his [oil company] stock only in May 2007, saying it had become a “distraction” in his campaign and “because I was getting questions, I just felt it was best to divest myself.”

    Source: The Contenders, by Laura Flanders, p.188-190 Nov 11, 2007