Tommy Thompson's Big Oil Connections Reveal Hefty Investments

Mar 04, 2012

Recent revelations made by D.C. lobbyist Tommy Thompson show heavy financial involvement with big oil companies.

Information obtained from Thompson’s recent financial disclosure reports includes:
• Reported investments worth between $99,030 and $619,500 in oil and gas companies.
• Thompson wants to expand and de-regulate offshore drilling. Meanwhile his financial disclosure shows he has between $16,002 and $65,000 invested in Transocean LTD stock, and between $2,002 and $30,000 in BP stock, the companies responsible for the Deepwater Horizon oil spill.

“The recent revelations about Tommy Thompson’s big oil connections show he’s deeply in the tank for these companies — the oil tank,” said Democratic Party of Wisconsin Chair Mike Tate. “With such large financial interests in these companies, it’s no surprise he wants to de-regulate offshore drilling as it would continue to fatten his already obese wallet. This troubling news calls into question who Thompson would serve if elected to the U.S. Senate: would it be the needs of Wisconsin families or his own greed?”

See the financial disclosure report here.