Advertisement

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

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.

Advertisement

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.