Senator Kerry To Divest

This big news came out yesterday, but in case you didn’t hear…

Senator John Kerry announced that he is going to divest 100 different investments, including from Exxon Mobil and a Canadian company that would profit from Keystone XL. See full story below!

Kerry to divest some financial holdings

Move aims to avoid conflicts of interest at State Department

Within 90 days of becoming Secretary of State, Senator John F. Kerry and his wife have agreed to divest nearly 100 separate investments in the United States and abroad — ranging from oil companies to weapons makers and a Chinese food company — in an effort to avoid conflicts of interest, according to a copy of his so-called ethics agreement. “I am committed to the highest standards of ethical conduct for government officials,” Kerry wrote in the agreement with the State Department’s ethics office. “…I will not participate personally and substantially in any particular matter that has a direct and predictable effect on my financial interests or those of any person whose interests are imputed to me, unless I first obtain a written waiver.” The divestitures of Kerry and Teresa Heinz Kerry, the heir to the Heinz ketchup fortune, include Cenovus Energy Inc., the Canadian company that would benefit from the proposed Keystone XL pipeline; Waltham-based Raytheon Co.; Exxon Mobil Corp.; drug maker Pfizer,; communications giant Qualcomm Inc. and AT&T; America Express; Microsoft; and number of private equity firms, and dozens of others.

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