Rep. Tom Kean Cashes In

Rep. Tom Kean Jr. (R-NJ) used his perch as a state policymaker to benefit from the changing makeup of New Jersey’s energy production.

He holds significant stakes in ongoing offshore wind projects set to receive tax subsidies from a state program he helped set up.

In 2021 , Atlantic Shores Offshore Wind became the first offshore wind project approved and funded through the OREC program.

With a 10 percent equity stake, that means Kean would be netting up to $100,000 from this long-term investment boosted by his own government program.

That one year alone would make up the cost for his entire initial investment.