Special Presidential Envoy for Climate John Kerry owned shares of multiple oil and gas corporations prior to joining the White House, ethics filings show.
John Kerry previously invested in Cabot Oil & Gas Corporation, Duke Energy, Cimarex, Dominion Energy, Xcel Energy, Exelon Corporation, Valero Energy Corporation and WEC Energy Group, according to Office of Government Ethics filings obtained by Axios. Kerry reportedly sold off his entire stock portfolio, which was worth between $4.2 and $15 million, prior to joining President Joe Biden’s administration.
The Texas-based Valero Energy Corporation was recently ranked the fifth-worst emitter of greenhouse gasses despite having just 14 facilities, the San Antonio Current reported in December. The company was ordered to pay $2.85 million in a civil penalty in October for Clean Air Act violations, according to the Environmental Protection Agency.
Cabot Oil & Gas Corporation, a billion-dollar fracking and natural gas company, has been cited for environmental damages. In 2014, a Pennsylvania court granted the company’s request to place a restraining order against an anti-fracking activist, The Guardian reported. (Read more from “John Kerry Invested in Oil and Gas Stocks Before WH Climate Change Position” HERE)
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