Biden Wants To Take On The Fossil-Fuel Industry. Dozens Of His Officials Are Invested In It
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President Joe Biden speaks during a climate change virtual summit from the East Room of the White House on April 22, 2021, in Washington, D.C.
BRENDAN SMIALOWSKI/AFP via Getty Images
Climate envoy John Kerry, policy advisor Susan Rice and Treasury Secretary Janet Yellen all arrived in Washington with oil-and-gas interests in their portfolios.
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On the campaign trail, Joe Biden tried to distance himself from oil, gas and coal companies, pledging not to accept money from fossil-fuel firms. Dozens of those now serving in his administration, however, were less rigid about separating themselves from energy giants. In fact, at least 74 Biden Administration officials and nominees disclosed interests in the fossil-fuel sector, according to a review of federal disclosures by
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(WASHINGTON) Financial disclosures released by former Secretary of State John Kerry indicate that until March of this year he held hundreds of thousands of dollars of investments in energy-related companies that may end up being affected by policies he’ll help shape as President Joe Biden’s new climate envoy.
An ABC News analysis of his assets show that in recent years, Kerry held stakes in at least three dozen companies related to the energy industry, including firms dealing in electric, oil and gas, and nuclear energy, with shares worth between $204,000 and $960,000. Kerry had also recently held high-ranking positions within firms and entities that could end up being regulated by his climate action policies, filings show.
New climate czar John Kerry sold off energy holdings to avoid conflict of interest
Elections to watch in 2021| FiveThirtyEight Politics Podcast
Replay Video UP NEXT Financial disclosures released by former Secretary of State John Kerry indicate that until March of this year he held hundreds of thousands of dollars of investments in energy-related companies that may end up being affected by policies he ll help shape as President Joe Biden s new climate envoy. An ABC News analysis of his assets show that in recent years, Kerry held stakes in at least three dozen companies related to the energy industry, including firms dealing in electric, oil and gas, and nuclear energy, with shares worth between $204,000 and $960,000. Kerry had also recently held high-ranking positions within firms and entities that could end up being regulated by his climate action policies, filings show.
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Kerry divested to avoid potential conflicts with companies he might regulate.
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Elections to watch in 2021| FiveThirtyEight Politics Podcast
The crew discusses the 2021 gubernatorial elections in Virginia and New Jersey, the mayoral elections taking place in more than two dozen major cities and special elections for vacant House seats.Tom Brenner/Reuters
Financial disclosures released by former Secretary of State John Kerry indicate that until March of this year he held hundreds of thousands of dollars of investments in energy-related companies that may end up being affected by policies he ll help shape as President Joe Biden s new climate envoy.