by Steve Horn
Ties That Bind: Ernest Moniz, Keystone XL Contractor, American Petroleum Institute and Fracked Gas Exports
9:53 am in Uncategorized by Steve Horn
Cross-Posted from DeSmogBlog
Ernest J Moniz, Obama's candidate for Secretary of Energy, has many conflicts of interest due to energy industry ties.
Congress will review the Obama Administration’s nomination of Ernest Moniz for Secretary of the Department of Energy (DOE) in hearings that start today, April 9.
Moniz has come under fire for his outspoken support of nuclear power, hydraulic fracturing (“fracking”) for shale gas and the overarching “all-of-the-above” energy policy advocated by both President Barack Obama and his Republican opponent in the last election, Mitt Romney.
Watchdogs have also discovered that Moniz has worked as a long-time corporate consultant for BP. He has also received the “frackademic” label for his time spent at Massachusetts Institute of Technology (MIT). At his MIT job, Moniz regularly accepted millions of dollars from the oil and gas industry to sponsor studies under the auspices of The MIT Energy Initiative, which has received over $145 million over its seven-year history from the oil and gas industry.
MIT’s “The Future of Natural Gas” report, covered by many mainstream media outlets without any effort to question who bankrolled it, was funded chiefly by the American Clean Skies Foundation, a front group for the shale gas industry’s number two domestic producer, Chesapeake Energy. That report concluded that gas is a “bridge fuel” for a renewable energy future and said that shale gas exports were in the best economic interests of the United States, which should “not erect barriers to natural gas imports and exports.”
As first revealed on DeSmogBlog, Moniz is also on the Board of Directors of ICF International, one of the three corporate consulting firms tasked to perform the Supplemental Environmental Impact Study (SEIS) for TransCanada’s Keystone XL (KXL) tar sands pipeline. KXL is slated to bring tar sands – also known as “diluted bitumen,” or “dilbit” - from Alberta to Port Arthur, TX, where it will be sold to the highest bidder on the global export market.
Moniz earned over $300,000 in financial compensation in his two years sitting on the Board at ICF, plus whatever money his 10,000+ shares of ICF stock have earned him.
Moniz’s American Petroleum Institute Ties to Shale Gas Export Advocacy
Another controversial oil and gas industry export plan exists for fracking.
Photo: Dominic's Pics / Flickr
