DENVER – While Jared Polis travels the state promoting an extreme environmental agenda, to the delight of his Democrat base, his personal financial investments tell a different story.
According to his own financial disclosure statements, Polis is an investor in two Denver-based Bow River Capital funds that invest heavily in the Canadian oil and gas industry – a market with a much looser regulatory framework than that of Colorado or the United States. Polis personally has more than $250,000 invested in these funds. If Polis scuttles oil and natural gas development in Colorado, the value of his personal investment holdings in Canada could increase as domestic supply contracts as a result.
Shortly after Polis started investing in Bow River energy funds, he joined forces with a fellow Democrat Congressman to sponsor legislation that would impose a burdensome regulatory framework on the oil and gas industry domestically. Polis’ pursuit of this legislation asking the oil and gas industry to follow the same rules as other industries is hypocritical given his investment in the more-lax Canadian oil and gas industry.
“Jared Polis’ radical environmental agenda could cost Colorado families hundreds of dollars a year in increased utility costs,” said Kelly Maher, executive director of Compass Colorado. “As part of this agenda, Polis also wants to end oil and gas development in Colorado, which will hurt our economy and cost our state hundreds of high-paying jobs. If he’s a “true believer” when it comes to the dog whistles he’s sending out to his radical environmental base, why does he continue to profit off of the investments in Canadian oil and gas?”
The restrictive oil and natural gas policies that Polis is pursuing in Colorado are grounded in hypocrisy.
Jared Polis should come clean with Colorado voters about what truly motivates his push for massive increases in oil and natural gas regulation and explain why he stands to profit from the same policies that would harm Colorado’s energy industry.