May 19, 2015

When Will Kerry Divest From Fossil Fuels?

Secretary of State John Kerry says that addressing the unsubstantiated man-made affects of climate change ranks among developed countries’ top priorities. And the way leftists suggest we do that is to scale back capitalism, embrace cap and trade, shutter coal-fired plants and enact tough energy efficiency standards under the heavy hand of the Environmental Protection Agency, to name but a few. Our comfortable living standards, they admit, are difficult to relinquish, but it’s necessary to stave off a climate crisis. So why is Kerry investing in the very resources he says are contributing to global warming? Ron Arnold, executive vice president for the Center for the Defense of Free Enterprise, reveals in The Daily Caller that, as of March, “public records indicated that Secretary Kerry personally owned an estimated three to six million dollars in stocks of more than 50 oil and gas-related companies.” Moreover, “Records from 2004 show that he’s been constantly and deeply invested in fossil fuels for at least a decade, and is still injecting millions in working capital into the very industries he condemns.” Even worse, Kerry, while vying for Hillary Clinton’s position as secretary of state, exploited a series of loopholes to obfuscate any ties to Big Oil and to garner the Office of Government Ethics’ approval for the job. Is it too much to ask that, at the very least, our political elite practice what they preach?

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