According to a new report from the Washington Free Beacon Biden administration climate czar John Kerry holds a $1 million stake in a Chinese private equity fund that is both invested in a tech company blacklisted for human rights abuses and is a major shareholder in a solar panel firm connected to labor abuses of the Uyghurs.
Kerry is now being accused of downplaying the Uyghur genocide during climate negotiations with China.
Per the Free Beacon report “Last December, that private equity fund, Hillhouse China Value Fund L.P., purchased a 6 percent stake in LONGi Green Energy, a Chinese solar panel manufacturer, making it the company’s second largest shareholder.
LONGi has come under fire from human rights groups and U.S. lawmakers for sourcing many of its raw materials from companies suspected of using forced labor in Xinjiang, a region in northwest China where the government has cracked down on the Uyghur population and other ethnic minorities.”
The report adds “Hillhouse is also a major funder of a tech company tied to the Chinese government’s surveillance of the Uyghurs, as first reported by the Washington Free Beacon last week. News of that investment led Republican senators to call on Biden to fire Kerry over ethics concerns. Further insight into Hillhouse’s holdings is likely to increase scrutiny of Kerry’s finances and raise questions about whether he is using his role as climate envoy to block regulations on Chinese solar panel imports. 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.
Kerry said last month. “On the one hand, we’re saying to [China], ‘You have to do more to help deal with the climate and on the other hand, their solar panels are being sanctioned, which makes it harder for them to sell them.”
Senator Marco Rubio (R-FL) said “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. But this is bigger than Kerry. A climate deal cannot make our nation complicit to the Chinese Communist Party’s slave labor practices.”