GOP Rep. Rob Bresnahan campaigns on data center limits while investing in industry
Summary
Pennsylvania Representative Rob Bresnahan supports a bill to give local towns more say in deciding if data centers can be built near them. However, he also owns significant investments in companies that profit from data centers and related technology.Key Facts
- Rep. Rob Bresnahan is running an ad promoting a bill for more local control over data center development.
- Previously, he praised data centers as drivers of economic growth in Northeastern Pennsylvania.
- Bresnahan owns stocks worth between $19,000 and $110,000 in companies that directly run data centers like Equinix and Digital Realty Trust.
- He also holds between $804,000 and $2 million in technology companies that supply parts and software for data centers and AI, such as NVIDIA and Taiwan Semiconductor Manufacturing Company.
- Bresnahan has investments worth $777,000 to $1.78 million in major tech firms like Amazon, Alphabet, Meta, and Oracle that operate large data centers.
- His portfolio also includes stock in Blackstone, an investment firm involved with local energy projects for data centers.
- Data centers have sparked local opposition in Pennsylvania due to concerns about their size and impact, with about 29 projects in planning around Northeastern Pennsylvania.
- A poll showed nearly 80% of Pennsylvania voters do not want data centers built in their communities.
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