Congressman Blum, divest of your fossil fuel assets!

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Congressman Rod Blum, representing Iowa's 1st Congressional District, currently owns between $250,000 and $600,000 in fossil fuel company assets. Congressman Blum purchased all these assets since he was elected to Congress in 2014.

In 2015 Congressman Blum purchased $50,000-$100,000 of assets in PDC Energy Inc., a Colorado-based oil and gas company that drills in Colorado, Texas, and Ohio. In June 2017, under President Trump’s administration, the Department of Justice, the EPA, and the State of Colorado sued PDC Energy Inc. for violating the Clean Air Act. It appears PDC Energy Inc. illegally leaked volatile organic compounds from storage tanks near Denver, Colorado. These volatile organic compounds, when leaked into the air, create ground level ozone – that is, smog. On February 24, 2015, Congressman Blum purchased $100,000-$250,000 of Conoco-Phillips Stock. On September 26, 2016, Congressman Blum purchased $100,000-$250,000 of Exxon-Mobil stock. As of today, Congressman Blum has up to $600,000 invested in out-of-state and multi-national oil and gas companies.

Congressman Blum's financial disclosure forms show these fossil fuel investments. These financial disclosure forms are publicly available from the U.S. Congressional Clerk's Financial Disclosure Reports Database here (http://clerk.house.gov/public_disc/financial-search.aspx). Search under Blum and Iowa and these forms will appear.

Congressman Blum, you must begin to put the needs of your constituents above your own pocketbook. Stop investing in fossil fuel companies whose activities pollute our air and water. Stop investing in out-of-state and multi-national corporations that do nothing to help the people of Iowa or Iowa’s economy. I call on you to divest from PDC Energy Inc., Conoco-Phillips, and Exxon-Mobil. Instead of investing in dirty fossil fuel companies, invest in renewable energy right here in Iowa. Iowa’s renewable energy economy is creating jobs, maintaining air and water quality, and improving Iowans’ health and well-being. Iowa currently obtains almost 40% of its energy from renewable sources. 40%’s a good start, but the threat of human-caused climate change demands that we move as quickly as possible to a 100% renewable energy economy. Your $15+ million fortune could do much to push Iowa toward 100% renewable energy.



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