Commentary Magazine


Rice Has Investments in Iranian-Linked Energy Companies

Susan Rice may have more problems than just the Benghazi talking points. The potential secretary of state nominee also holds investments in energy companies that have done business with Iran, reports the Washington Free Beacon’s Adam Kredo:

The portfolio of embattled United Nations Ambassador Susan Rice includes investments of hundreds of thousands of dollars in several energy companies known for doing business with Iran, according to financial disclosure forms.

Rice, a possible nominee to replace Secretary of State Hillary Clinton when she steps down, has come under criticism for promulgating erroneous information about the September 11, 2012, attacks in Benghazi, Libya, that killed four Americans. …

The companies in question appear to have conducted business with Tehran well after Western governments began to urge divestment from the rogue nation, which has continued to enrich uranium near levels needed to build a nuclear bomb.

Financial disclosures reveal that Rice has had $50,001-$100,000 in Royal Dutch Shell, a longtime purchaser of Iranian crude oil. Royal Dutch Shell currently owes Iran nearly $1 billion in back payments for crude oil that it purchased before Western economic sanctions crippled Tehran’s ability to process oil payments, Reuters reported.

Some of the companies, including Rice’s largest holding, Royal Dutch Shell, have stopped doing business with Iran but still owe debts to the country. It’s still a concern that Rice kept those investments, and I imagine she’ll have to get rid of them — or better yet, set up a blind trust — if she’s nominated.

The Washington Post reports that information about Rice’s Iran-linked investments was circulated by Republicans on the Hill, and promoted quietly by Democratic staffers, who suggested it would hold up her nomination:

On Thursday, Republicans on Capitol Hill began circulating information about Rice’s investments connected to Iran. Asked about the disclosure revelations, one senior GOP official, speaking on the condition of anonymity because he wasn’t authorized to discuss the topic, said, “This news adds to the list of questions about Susan Rice — not only her public statements, but now there are broader concerns about her past record.” Democratic staffers also said on condition of anonymity for the same reason that the investments would prompt questions of her if she is nominated.

Another play by John Kerry supporters? Senate Republicans have appeared to be lobbying for their colleague Kerry — another top candidate for secretary of state — over Rice for the past week. The investment story could hurt Rice with conservative hawks and Israel supporters, so it’s notable it broke the same day as Rice’s aggressive defense of Israel at the UN. She seems to be the favored candidate for mainstream Jewish and pro-Israel groups, and it will be interesting to see what impact, if any, this revelation has on that.