Members of House Committee Overseeing the Environment Have Millions Invested in Fossil Fuels (Sludge)
A large number of representatives on the Energy and Commerce Committee have as much as $16 million personally invested in oil, gas, and coal companies and investment funds.
The House Committee on Energy and Commerce oversees environmental protection, clean air, climate change, energy policy, and drinking water safety. But many of its members appear heavily conflicted: nearly half are personally invested in companies that produce, distribute, or facilitate the distribution of oil, gas, and coal—fossil fuels that are among the biggest threats to the health of the planet and the future of the human species.
A Sludge analysis of financial documents has found that 22 of the 55 members of the 116th Congress’ Energy and Commerce Committee have disclosed investments in fossil fuel companies such as Exxon Mobil, Southern Company, and Chevron worth as much as $15.6 million. The actual total could be even higher since some investments are reported without a maximum value specified. In addition to hastening climate change, some of these companies are among the world’s biggest polluters.
Representatives from both major parties are heavily invested in the dirty energy industry. Sludge previously reported that several Democrats on the Energy and Environment subcommittees are invested in fossil fuels, as is Rep. Kathy Castor (D-Fla.), the chair of the new Select Committee on the Climate Crisis.