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The Boston Globe

Politics

MIT’s Ernest Moniz advised oil and gas investors

WASHINGTON — President Obama’s pick to run the Department of Energy has been a highly paid consultant for a private equity firm heavily invested in the oil and gas sector while running MIT’s premier energy research center, according to financial disclosure documents.

Ernest Moniz, who has directed the MIT Energy Initiative since it was established in 2006, has earned at least $75,000 since 2008 advising Riverstone Equity Holdings LP, which according to government filings has $2.5 billion invested in a variety of fossil fuel production and storage companies in the United States and abroad.

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