John Kerry has sold hundreds of thousands of dollars worth of stakes in an oil and gas company after he was appointed as Joe Biden’s special ambassador for climate and weeks after warning that humanity has just nine years to save the world.
Kerry revealed in an official revelation that he had received millions of dollars in salary, advisory fees and from the liquidation of shares he held since President Biden took office.
Most comprehensive 2020 papers, running through January 2021, reveal that 77-year-old Kerry holds hundreds of thousands of dollars in energy-related companies potentially affected by the policies he will help develop as an ambassador. Joe Biden̵7;s new climate.
But he was warned by the State Department’s Office of Ethics that the investment had There is a ‘significant risk of conflicts of interest’ and agree to sell them.
Kerry holds between $ 204,000 and $ 960,000 in about three dozen companies connected to the energy sector, including electricity, oil and gas and nuclear power.
He has also held senior positions in companies and agencies that may now be affected by his climate policy. All details are in the documentation provided by Axios.
Kerry told February that humanity has only a few years to avoid climate disasters.
He told CBS in February: ‘Scientists told us three years ago that we have 12 years to avoid the worst effects of the climate crisis. We are now three years away, so we have nine years left. ‘
Financial disclosures from Special Envoy for Climate and former Secretary of State John Kerry revealed he was one of the wealthiest members of the Biden administration.
Details are listed on a set of documents detailing his financial dealings.
And he suggested that the Paris Agreement on climate change, which America recently joined after Donald Trump’s withdrawal – may not be able to help enough.
He said: ‘Even if we do everything we say we will do when we register in Paris we will see global temperatures rise to 3.7 degrees or so, which is catastrophic.’
The disclosure documents also showed that when Biden entered the White House, Kerry earned a substantial salary of $ 5 million from Bank of America for his role as chairman of the Global Advisory Council.
That means Kerry is one of the wealthiest members of the Biden administration.
He also received Honoraria from banks, universities and other healthcare companies totaling nearly $ 400,000, along with other salaries, including $ 39,000 from Yale.
Kerry has earned tens of thousands of revenue from Deutsche Bank and investment firm CSLA Limited.
He also made $ 125,000 in advisory fees from The Rise Fund, an investment program. The $ 2 billion ‘social impact’ founded by music-turned activist Bono and fund-raising philanthropist Jeffrey Skoll claims to be an investment company with a significant renewable energy portfolio.
Kerry’s large equity portfolio is also being enhanced through a trust fund he owns alongside his wife Teresa Heinz Kerry, 82, heir to the Heinz food firm, the photo center. Daughter Alexandra Kerry, 47, was pictured right in 2016.
Kerry received a substantial salary of $ 5 million from Bank of America for his role as Chairman of the Global Advisory Council.
The documents also revealed he sold between $ 4 million and $ 15 million in assets at more than 400 companies.
The disclosure report compiled by Kerry shows that he serves as Chairman of the Advisory Board of Climate Finance Partners and as Chair of the Vietnam Sustainable Energy Corporation.
‘The State Department’s Office of Ethics has reviewed the assets and investments of Special Presidential Envoy Kerry when appointed to identify any holdings that may pose a significant risk of interest. Son, ‘a foreign ministry spokesman said in a statement. ‘President Kerry’s special envoy has agreed to sell the property identified by the Ethics Office and have done so.’
Some of the energy-related companies that Kerry has previously invested in are hydrocarbon exploration companies. ConocoPhillips, International Petroleum Refinery Company, Valero Energy and gas and electricity provider Southern Company.
A relatively small number of shares held, ranging in value between $ 1,001 and $ 50,000 per share.
The disclosure also revealed that Kerry has reduced his financial interests at energy sector companies in recent years.
Kerry, who served as Senator of Massachusetts for 28 years from 1985 to 2013, served as Secretary of State under the Obama administration from 2013 to 2013. Both are pictured here in 2008.
Documents show Kerry earns between $ 15 million and $ 65 million from his other investments, mainly from dividends and profits from the sale of his financial assets.
This includes stocks in big companies such as Google, Amazon, Facebook, Microsoft and Goldman Sachs.
Kerry’s large equity portfolio is also enhanced through a trust fund he holds shares with his wife Teresa Heinz Kerry, the heir to the Heinz food company.
‘The State Department’s Office of Ethics has examined Kerry’s assets and investments, as appointed by Special President Kerry, to identify any holdings that could pose a significant risk of interest. Son, ‘a State Department spokesman told Axios.