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John Kerry Owns Stock in Canadian Pro-Keystone XL Firms

Jan 18, 2013
(The Canadian Press)

John Kerry's expected cakewalk to the U.S. State Department has delighted American environmentalists due to his stance on climate change, but the longtime senator owns stock in two Canadian oil companies that have pushed for approval of TransCanada's Keystone XL pipeline.

Federal financial disclosure records show Kerry has investments of as much as US$750,000 in Suncor, a Calgary-based energy company whose CEO has urged the U.S. to greenlight TransCanada's controversial project.

The longtime Massachusetts senator, one of the wealthiest lawmakers on Capitol Hill with an estimated net worth of $193 million, also has as much as $31,000 invested in Cenovus Energy, another Calgary firm.