It probably comes as no surprise that many of the liberals who routinely attack ‘Big Oil’ also profit from investments in those oil companies. The Hill has the story:
Sen. John Kerry (Mass.), the 2004 Democratic nominee, has blasted his colleague John McCain (Ariz.), the expected Republican presidential candidate, in recent days for pursuing policies that he says benefit the oil industry.
When Kerry ran for president four years ago, he criticized President Bush’s “energy policy of Big Oil, by Big Oil, and for Big Oil.”
Kerry has tens of thousands of dollars invested in those same companies, but an aide to the senator said the investment is held in trust and Kerry has no control over it.
Kerry’s financial disclosure reports show two investments in Exxon Mobil worth between $65,000 and $150,000 combined. He also showed a stake in BP worth between $15,000 and $50,000.
Obviously the “held in trust” defense doesn’t fly. Nobody forced Sen. Kerry to put his investments in trust. If he really hates oil companies, he should take the money out of the trust and invest it differently. But don’t hold your breath.
RSS Feed
