29 march 2013

[4C note: For an earlier article on this subject, see our posting of February 24 2013: "Obama's choice for Energy Secretary a fracking advocate opposed by environmental groups."]

Nominee for Energy Secretary Lists Assets and Posts

By MATTHEW L. WALD The New York Times March 29, 2013

WASHINGTON — President Obama’s nominee for energy secretary, Ernest J. Moniz, is a consultant to the energy giant BP and a member of the advisory council and board of trustees of King Abdullah Petroleum Studies and Research Center, of Riyadh, Saudi Arabia, among other positions, according to disclosure statements filed with the government and released on Friday.

Dr. Moniz, who was under secretary of energy during the Clinton administration and is an advocate of natural gas and nuclear power as cleaner alternatives to coal, is also a director of ICF International, a prominent energy and policy consulting firm. He owns common and restricted stock worth $200,000 to $500,000 in that company, according to the statement, which lists assets and describes their value in broad ranges.

In all, he holds assets worth $4.6 million to $17.9 million.

He is also a consultant to General Electric and IHS CERA, the consulting firm formerly known as Cambridge Energy Research Associates, and a director at American Science and Engineering of Billerica, Mass., a company that does security work, including cargo screening.

Dr. Moniz, a physicist, is a professor at M.I.T. and director of that institution’s Energy Initiative, an industry-financed group that does research on energy technologies and climate change.

Dr. Moniz told the ethics officer of the Energy Department, in a letter made public by the Office of Government Ethics on Friday, that he would resign from all of those positions upon his confirmation as energy secretary by the Senate.

He also said he would follow government rules requiring him to not participate in decisions affecting those entities. He plans to sell his ICF shares within 90 days of his confirmation. Dr. Moniz has already been criticized for failing to disclose his ties to ICF and other firms in a study produced by his program at M.I.T., on the future of natural gas.

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