We’ve always known that former Secretary of State John Kerry was a fraud. But a glimpse of his investment portfolio gives us just a little more proof of our new climate czar’s hypocrisy.
According to this document, Kerry held shares in several oil companies including “Duke Energy, Cimarex, Dominion Energy, Exelon Corporation and Valero Energy.” The disclosure indicates that Kerry liquidated these investments before starting his new job.
Kerry sold “between $4.2 and $15 million worth of investments” in March.
In a statement to Axios, The State Department said, “The State Department’s Ethics Office reviewed Special Presidential Envoy Kerry’s assets and investments upon his appointment to identify holdings that could pose a significant risk of a conflict of interest. … Special Presidential Envoy Kerry agreed to divest the assets identified by the Ethics Office and has done so.”
The report also says Kerry “signed an ethics pledge barring him from participating in specific policymaking decisions that could affect his former clients and employers.”
According to Axios:
He maintains significant influence over U.S. energy and environmental policy as Biden’s climate envoy, a role that comes after he advised a number of firms in the space following his time as secretary of State.
Kerry received millions of dollars in salary, consulting fees and honoraria, according to the filing, which covers 2020 and most of January 2021.
He drew a $5 million salary from Bank of America. He was tapped as chairman of the bank’s global advisory council months after his tenure as Barack Obama’s second secretary of State.
He landed $382,400 in speaking fees from entities including Deutsche Bank, Waste Management and Cornell University.
Kerry also reported compensation “in excess of $5,000” for more than a dozen other speeches in 2019, including ones to Barclays, Zurich Insurance and the foundation run by Ukrainian oligarch Victor Pinchuk.
Kerry also reported receiving $125,000 in consulting fees from The Rise Fund, an investment firm with a significant renewable energy portfolio, just one of the entities in the energy and environment space to which he reported business ties.
Kerry was the advisory board chairman for Climate Finance Partners, which “creates innovative and globally needed finance solutions that address climate change.”
He was also the president of the Vietnam Sustainable Energy Corporation.