{"id":380102,"date":"2018-10-08T05:49:18","date_gmt":"2018-10-08T04:49:18","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/trumps-pick-to-lead-energy-program-is-invested-in-gas-and-pipeline-firms\/"},"modified":"2018-10-08T05:49:18","modified_gmt":"2018-10-08T04:49:18","slug":"trumps-pick-to-lead-energy-program-is-invested-in-gas-and-pipeline-firms","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/trumps-pick-to-lead-energy-program-is-invested-in-gas-and-pipeline-firms\/","title":{"rendered":"Trump\u2019s Pick to Lead Energy Program Is Invested in Gas and Pipeline Firms"},"content":{"rendered":"
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\"Nominee
Nominee to head ARPA-E Lane Genatowski testifies before the Senate in August.<\/figcaption>
Senate Energy and Natural Resources Committee video screenshot, public domain<\/a><\/figcaption><\/figure>\n

A nominee to head a cutting-edge research program in the <\/span>US<\/span> <\/span>Department of Energy (DOE<\/span>) is personally invested in various natural gas-based utilities and gas pipeline companies.<\/p>\n

In July, the Trump administration announced the nomination of Lane Genatowski to head the Department of Energy\u2019s <\/span>Advanced Research Projects Agency-Energy (ARPA<\/span>-E)<\/a>, which tries to bridge the gap between basic research and the commercialization of breakthrough energy technologies and <\/span>is modeled<\/a> <\/span>after the <\/span>Department of Defense program that led to the Internet and <\/span>GPS<\/span><\/a>.<\/p>\n

While prior <\/span>ARPA<\/span>-E directors have usually been <\/span>established scientists<\/a>, Genatowski is an investor with virtually no technical background in energy technology development.<\/p>\n

Genatowski, who is awaiting final Senate confirmation, formerly worked at <\/span>J.P.<\/span> <\/span>Morgan Chase and currently runs Dividend Income Advisors <\/span>LLC<\/span>, a Houston-based company that invests heavily in utilities. According to his <\/span>personal financial disclosure<\/a>, which was obtained by DeSmog, Genatowski is invested in a variety of gas and electric utilities, as well as companies promoting gas pipelines.<\/p>\n

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According to the disclosure, Genatowski received dividends last year through an <\/span>IRA<\/span> <\/span>from a dozen companies in the energy industry: American Electric Power, Ameren Corp, Avista Corporation, <\/span>CMS<\/span> <\/span>Energy, Consolidated Edison, Entergy, Eversource energy, One Gas Inc., Southwest Gas Holdings, Vectren Corp, Excel Energy, and Alliant Energy. Genatowski also profited from investments in New Jersey Resources and <\/span>UBI<\/span> <\/span>Corporation, two partners in the PennEast gas pipeline. <\/span>UBI<\/span> <\/span>currently has several other Marcellus shale pipeline projects and liquefied natural gas (LNG<\/span>) facilities.<\/p>\n

In his <\/span>ethics agreement<\/a>, Genatwoski has vowed to divest these stocks within 90 days of his…<\/p>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nominee to head ARPA-E Lane Genatowski testifies before the Senate in August.Senate Energy and Natural Resources Committee video screenshot, public domain A nominee to head a cutting-edge research program in the US Department of Energy (DOE) is personally invested in various natural gas-based utilities and gas pipeline companies. In July, the Trump administration announced the […]<\/p>\n","protected":false},"author":1,"featured_media":380103,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-380102","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/380102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=380102"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/380102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media\/380103"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=380102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=380102"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=380102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}