Kerry laments money managers have fiduciary duty to those who own the money

  • by:
  • Source: Bob Unruh
  • 07/11/2023
John Kerry (Video screenshot)

John Kerry (Video screenshot)

John Kerry, Joe Biden's hand-picked climate change envoy who uses jets – often private jets – to travel the world and lobby for the "green" energy ideology, is lamenting that money managers can't give as much to global warming as he'd like.

It seems they have a fiduciary duty to those people who actually own the money.

In a recent interview following a briefing for Joe Biden and leaders of other governments on the topic, he said investment into the transition he insists in needed to green energy has been undercut because money managers "have a fiduciary responsibility, an obligation to the people they manage it for not to lose the money, but to produce returns on that investment."

Likewise, he lamented that pension funds "are very careful about those investments in order to make certain they have the money to pay out to the pensioners who work for that money all their lives."

Get the hottest, most important news stories on the Internet – delivered FREE to your inbox as soon as they break! Take just 30 seconds and sign up for WND's Email News Alerts!

Kerry, who personally is worth hundreds of millions of dollars, told those who manage large amounts of money they need "to help us create the structure" so that more money is spent on climate change.

A report at Breitbart explained Kerry was asked what's keeping money from doing what he wants.

He said, "What’s preventing it is, to some degree, fear, uncertainty about the marketplace. People who manage very significant amounts of money have a fiduciary responsibility, an obligation to the people they manage it for not to lose the money, but to produce returns on that investment. Pension funds, many of them, are very careful about those investments in order to make certain they have the money to pay out to the pensioners who work for that money all their lives. So, there are tricky components of making sure that you have taken the risk away from these investments. And energy, which is what the climate crisis is all about, it’s about energy, it’s about how we fuel our homes, how we heat our homes, how we light our factories, how we drive and go from place to place."

He was being interviewed on MSNBC by Ana Cabrera.

WND is now on Trump's Truth Social! Follow us @WNDNews

Kerry claimed "emissions from the burning of fossil fuels [are] not being captured, it goes up into the atmosphere, and it’s warming the planet, increasingly more and more and more dangerously."

He said either those emissions need to be eliminated, or captured.

He didn't address the fact that a vast majority of those emissions are coming from energy plants and factories across the vast expanses of China, which is opening new coal-fired power plants on a regular basis, so that no matter what the U.S. does regarding emissions, it has virtually no effect on the worldwide levels.

IMPORTANT NOTE: It's hard to believe it's really happening, but it is. Male athletes pretend to be females, dominate their sports, and are thereby rapidly destroying women’s competitive sports worldwide. Convicted male criminals suddenly claim to be transgender so they can be confined in a women’s prison and sexually abuse the female inmates there. Men claiming to be female likewise invade women’s locker rooms, bathrooms, schools, dormitories, sororities, shelters, spas and social organizations – and in the process steal women’s scholarships, advancement, honors and myriad other opportunities.

Meanwhile, transgender groomers and recruiters in schools and on social media platforms like TikTok are continually feeding and expanding the current “mass hysteria” craze that has already led countless teen girls to take testosterone and undergo double mastectomies in a pathetic effort to become boys. No wonder the CDC reports 3 in 5 teen girls say they feel “persistently sad or hopeless” and almost 1 in 3 say they have seriously considered committing suicide.

All of this on top of the radical left’s renewed obsession with killing women’s unborn babies via abortion.

The “woke” left’s maniacal attack on women and girls, virtually unreported by the rest of the media, is the entire focus of the sensational June issue of WND’s critically acclaimed WHISTLEBLOWER magazine, titled “THE LEFT’S TOTAL WAR ON WOMEN.” WHISTLEBLOWER is available in both the popular print edition and a state-of-the-art digital version, either single issues or discounted annual subscriptions.

For 25 years, WND has boldly brought you the news that really matters. If you appreciate our Christian journalists and their uniquely truthful reporting and analysis, please help us by becoming a WND Insider!

Content created by the WND News Center is available for re-publication without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@wndnewscenter.org.

SUPPORT TRUTHFUL JOURNALISM. MAKE A DONATION TO THE NONPROFIT WND NEWS CENTER. THANK YOU!

The post Kerry laments money managers have fiduciary duty to those who own the money appeared first on WND.

by is licensed under