Huffpost Politics
Michael McAuliff Headshot

Tommy Thompson Says Crack Down On Iran, Owns Stock In Iran Uranium Mining Partner

Posted: Updated:
TOMMY THOMPSON
AP

Wisconsin GOP Senate candidate Tommy Thompson said Thursday that the United States should consider cracking down on Russia and China for backing Iran's nuclear efforts, but Thompson also has significant investments in companies that do business with Iran -- including one that is a partner in mining uranium.

Thompson made the statement in a meeting with the Milwaukee Journal Sentinel as he accused his opponent, Democratic Rep. Tammy Baldwin, of being too soft on Iran.

"If Iran gets a nuclear bomb, it's only a matter of time that we're going to have a world war or a war that's going to be caused by a crazy person known as [Iranian President Mahmoud] Ahmadinejad," Thompson said. "He has already indicated the Holocaust didn't happen. He also indicated that he probably would close down the Strait of Hormuz. If you close down the Strait of Hormuz, you absolutely completely wreak havoc with the world's economy."

The paper also said Thompson believes the United States must consider cutting off trade with Russia, China and other countries that still do business with Iran.

That position could be considered ironic, given Thompson's stake in firms that do business with Iran, as well as China and Russia.

According to Thompson's personal financial disclosure, he owns up $50,000 worth of stock in such firms.

Some of the smaller investments include up to $1,000 in the China National Offshore Oil Corporation, Gazprom and the China National Petroleum Corporation, which were all cited in a recent Government Accountability Office study as having done business with Iran.

Thompson owns up to $17,000 worth of stock in Royal Dutch Shell, which the GAO also named, and between $1,000 and $15,000 worth of stock in oil services firm Schlumberger, which has been probed by the Justice Department over its Iran work.

Perhaps most significantly, Thompson owns between $1,000 and $15,000 worth of stock in the mining operation Rio Tinto, which is partners with Iran in mining uranium. Iran owns 15 percent of a uranium mining operation in Namibia with Rio Tinto.

Thompson's campaign did not immediately answer questions about whether he has sold or will sell his interests in those firms.

UPDATE: 6 a.m.

Thompson announced in his debate Thursday night just hours after this story ran that he was selling any stocks linked t Iran.

Michael McAuliff covers Congress and politics for The Huffington Post. Talk to him on Facebook.

Also on HuffPost:

Out-Of-Touch Politicians
of
Share
Tweet
Advertisement
Share this
close
Current Slide

Suggest a correction

Around the Web

Tommy Thompson's son calls for sending Obama back 'to Kenya'

Thompson bashes Baldwin on Iran sanctions, wins McCain's support

Thompson bashes Baldwin on Iran sanctions, wins McCain's support

Thompson labels Baldwin 'anti-Israel' over Iran sanctions votes

Government and Political Roundup: Baldwin vs. Thompson, round two, tonight

Gov. Christie stumps for Thompson in Green Bay

 
  Obama Romney
Obama Romney
332 206
Obama leading
Obama won
Romney leading
Romney won
Popular Vote
33 out of 100 seats are up for election. 51 are needed for a majority.
Democrat leading
Democrat won
Holdover
Republican leading
Republican won
Democrats* Republicans
Current Senate 53 47
Seats gained or lost +2 -2
New Total 55 45
* Includes two independent senators expected to caucus with the Democrats: Angus King (Maine) and Sen. Bernie Sanders (Vt.).
All 435 seats are up for election. 218 are needed for a majority.
Democrat leading
Democrat won
Republican leading
Republican won
Democrats Republicans
Seats won 201 234
Click for Full Results