Monday, October 25, 2021

John Kerry Holds $1 Million Stake in Equity Fund Linked to Uyghur Labor Abuse

The Chinese private equity fund in which John Kerry holds a $1 million stake is not only invested in a tech company blacklisted for human rights abuses but is also a major shareholder in a solar panel company linked to labor abuses of the Uyghurs.

While Kerry has acknowledged that many solar panels are produced with forced labor in Xinjiang, he has also indicated resistance to additional financial restrictions or penalties on these goods.

"On the one hand, we're saying to [China], 'You have to do more to help deal with the climate,'" Kerry said last month.

Kerry holds "Over $1,000,000" in Hillhouse, according to a financial disclosure report he filed at the beginning of the year.

Rubio said Kerry has been actively lobbying against his bill that would bar Chinese imports made with slave labor, which passed the Senate with bipartisan support but has stalled in the House.

"John Kerry appears to have profited from a company tied to egregious human rights abuses in Xinjiang. Now it makes sense why he is actively working against my Uyghur Forced Labor Act," Rubio said.

Kerry's Hillhouse stake is through a trust in which his wife is the beneficiary.

https://freebeacon.com/biden-administration/john-kerry-holds-1-million-stake-in-equity-fund-linked-to-uyghur-labor-abuse/ 

No comments: