GOP Senate Nominee Gomez Says Most Efforts To Combat Climate Change Are ‘Not Rational’, Invests In Fossil Fuel

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"GOP Senate Nominee Gomez Says Most Efforts To Combat Climate Change Are ‘Not Rational’, Invests In Fossil Fuel"

Senate nominee Gabriel Gomez (R-MA)

Senate nominee Gabriel Gomez (R-MA) (Credit: The Republican)

Gabriel Gomez acknowledges that “science says climate change is real.” But the Republican nominee to fill John Kerry’s open Senate seat in Massachusetts says he is unwilling to take serious steps to combat it, lest it hurt the economy in the short term.

His support for a “serious energy agenda,” including the risky Keystone XL tar sands pipeline, coincides with his own significant investments in dirty energy companies.

On his campaign website, Gomez writes:

Climate change is real. However, while science says climate change is real, addressing the problem must be done rationally. Unfortunately, many solutions offered by politicians in Washington are not rational, and would put America at a competitive disadvantage. We need a serious energy agenda that promotes private sector innovation in both the United States and in other countries around the world.

He also attacks the Obama administration as “wrong in stopping the Keystone pipeline, a project that will create jobs, drive down our energy costs, and help us to become energy independent.” Beyond serious environmental risks, the Keystone XL project would create just 35 permanent jobs, would do little for American energy security, would actually raise energy costs for many Americans.

While his opponent, Rep. Ed Markey (D-MA), has made clean energy and defending the environment a top priority throughout his tenure in Congress, Gomez repeatedly bashes the Natural Resources Committee Ranking Member for being “focused on everything but the economy.” A 2009 study by the Center for American Progress and the Political Economy Research Institute found that Markey’s proposed American Clean Energy and Security Act (ACES), combined with American Recovery and Reinvestment Act, would have created a net 1.7 million more American jobs.

A ThinkProgress review of Gomez’s personal financial disclosure filings reveals that a significant amount of his own money is invested, directly or indirectly, in Dirty Energy stocks and bonds. These include investments of between $1,000 and $15,000 each in:

  • 1. Emerson Electric Co., which automates oil and gas operations for energy companies.
  • 2. Exxon Mobil Corp., the world’s largest publicly traded international oil and gas company.
  • 3. Occidental Petroleum Corp., an international oil and gas exploration and production company.
  • 4. Schlumberger Ltd., a the world’s largest supplier of technology and project management services for the oil and gas industry worldwide.
  • 5. Diamond Offshore Drilling Inc., a deepwater drilling contractor for the oil and gas industry.
  • 6. DTE Energy Co., a Detroit-based electric and gas utility.
  • 7. Dominion Resources, a Richmond-based electric utility.
  • 8. Xcel Energy Inc., a Minneapolis-based electric and gas utility.
  • 9. Gulf Power Co., a Florida-based electric utility.
  • 10. Southern California Edison, a California-based electric utility.
  • 11. Entergy Louisiana, a Louisiana-based electric utility

Gomez also owns hundreds of thousands of dollars worth of private equity funds offered by his former employer, Avent International. According to its company website, the Advent’s investments include AspenTech (which sells supply managing systems to petroleum companies), BOS Solutions (a natural gas and petroleum services company company), TES Vesetin (a power generator company), and MAXAM (which sells explosives to coal mines).

The Gomez campaign did not respond to a ThinkProgress request for comment.

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6 Responses to GOP Senate Nominee Gomez Says Most Efforts To Combat Climate Change Are ‘Not Rational’, Invests In Fossil Fuel

  1. Terry Fillow says:

    We need to make sure this clown doesn’t get elected!! Slowing climate change is the best shot we have got for our grandchildren. As it stands now they & maybe our children, will suffer a horrendous life.

    • Grandchildren? Children? How about us? The climate is already out of whack, and it’s already affecting the global economy. Feedbacks by definition are exponential. We could be in lotsa trouble within this decade.

      • Merrelyn Emery says:

        We are in lots of trouble now, ask anybody who has watched their house explode in a firestorm or crash downstream in a wall of water, ME

  2. prokaryotes says:

    After watching this movie “A Crude Awakening – The Oil Crash (2006)” http://climatestate.com/2013/05/13/a-crude-awakening-the-oil-crash/

    I understood that Keystone is the short term oil business solution to prevent peak oil impacts or to prevent alternatives.

    It is obvious that there is a total disconnect of the business model from the Tar Sand & Pipeline owners to the real world developments which come with climate change.

    And these owners are people like the Koch Brothers who are past 70 years of age, who do not care at all what comes after them.

    It’s kind of Pharaoh burial situation when servants have to die with the burial.

  3. Fortunately, we have a climate champion (State Senator Mark Herring) running in Virginia. Herring was just endorsed this morning by leading climate scientist Michael Mann, who was the subject of a witch hunt by Tea Party hero – and current Virginia Attorney General – Ken Cuccinelli.

    http://bluevirginia.us/diary/9283/prof-michael-mann-real-honor-to-endorse-mark-herring-for-ag-for-his-brave-stance-on-climate

  4. Merrelyn Emery says:

    Here we go again – separating the economy from the ecology, ME