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August 9, 2010

Energy investment leader Simmons dies

Matthew Simmons, a former energy adviser to President George W. Bush and founder of Rockland's Ocean Energy Institute, has died.

Simmons, 67, apparently suffered a heart attack at his home in North Haven, according to the Herald Gazette. He became a national energy investment leader with his Houston-based firm, Simmons & Co. International, and in 2007 founded the Ocean Energy Institute, a nonprofit think tank and venture capital fund for expanding offshore energy research and development, according to the paper and a press release from Gov. John Baldacci's office. The institute is part of a consortium led by the University of Maine developing offshore wind turbines at a site near Monhegan Island.

Simmons was also the author of "Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy," released in 2005.

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