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Posted at 03:30 PM ET, 01/23/2013

Kerrys to divest energy and other holdings as part of State Department agreement


President Obama has nominated Sen. John Kerry (D-Mass.) as secretary of state. (Darren McCollester - GETTY IMAGES)
Sen. John Kerry and wife Teresa — the Heinz ketchup heiress — have agreed to divest holdings in nearly 100 companies, including oil and weapons companies and Cenovus Energy, a Canadian company that would benefit from the proposed Keystone XL pipeline, The Boston Globe reported Wednesday.

The agreement with the State Department’s ethics office is to guard against possible conflicts of interest if, as expected, the Massachusetts Democrat is confirmed as secretary. (The State Department must approve or reject the pipeline because it crosses an international boundary.)

As secretary of state, Kerry would, of course, have much more to do with U.S. foreign policy than he does as a simple chairman of the Senate Foreign Relations Committee.

Meanwhile, Kerry not only did not chair the Benghazi hearing Wednesday with Secretary of State Hillary Clinton, he did not even attend it. Kerry’s confirmation hearing is set for Thursday.

By  |  03:30 PM ET, 01/23/2013

Categories:  Forecasts | Tags:  transition, washingtonintransition

 
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