Equivariant cohomology of K-contact manifolds

We investigate the equivariant cohomology of the natural torus action on a K-contact manifold and its relation to the topology of the Reeb flow. Using the contact moment map, we show that the equivariant cohomology of this action is Cohen-Macaulay, the natural substitute of equivariant formality for torus actions without fixed points. As a consequence, generic components of the contact moment map are perfect Morse-Bott functions for the basic cohomology of the orbit foliation of the Reeb flow. Assuming that the closed Reeb orbits are isolated, we show that the basic cohomology of vanishes in odd degrees, and that its dimension equals the number of closed Reeb orbits. We characterize K-contact manifolds with minimal number of closed Reeb orbits as real cohomology spheres. We also prove a GKM-type theorem for K-contact manifolds which allows to calculate the equivariant cohomology algebra under the nonisolated GKM condition.