Silicon Valley Congressman Rohit Khanna (D-CA) chairs the House subcommittee on the environment, supports the Green New Deal and climate provisions in President Joe Biden’s Build Back Better plan—but his family has supported some of the nation’s Thousands of dollars have been invested in parts. top polluter.
Just last August, Khanna’s family bought $30,000 to $100,000 worth of stock in ExxonMobil and Chevron, according to the most recent transaction report he filed with the US House of Representatives clerk.
He also bought $3,003 to $45,000 worth of shares in the natural gas companies Dominion Energy, Duke Energy and ConocoPhillips. (The reported inventory is categorized rather than by specific amounts bought and sold.)
Chevron, Exxon, and ConocoPhillips are among 20 firms that account for a third of all carbon emissions in the world. According to the Political Economy Research Institute, Dominion and Duke are among the top ten greenhouse gas emitters in the US.
“The money is my wife’s property and was completely separate before marriage,” Khanna said. newsweek. “Apparently there were some de minimis transactions that his financial firm had done in the previous reporting period.”
Khanna office told newsweek That these transactions were “accidental purchases” made in error, adding that they are part of a much larger investment portfolio overseen by a wealth manager.
The office said that the next report will show that the family no longer has these stocks.
After criticism from progressives last year, his wife Ritu Ahuja Khanna divided “98 percent” of her wealth from the region, Khanna reported. newsweek.
With the recent purchases, Dominion has had several trades throughout the year.
The Khanna family bought the Dominion in February for $2,002-$30,000. In April, he bought the Dominion for an additional $2,002-$30,000, and in June the Dominion was sold for $2,002-$30,000 in two separate transactions. According to the House report, one of them listed a profit of more than $200.
“I have zero fossil fuel investment,” says Khanna newsweek. “Any investment is pre-marriage to my wife, and it’s not my place to decide what she does with her money.”
Ahuja Khanna can trade her property, says Congressman newsweek, But they do not trade on joint accounts. Khanna said he complies with the Ban Conflicted Trading Act, which, if passed, would bar lawmakers from buying or selling individual stocks and other investments while in office.
Khanna, who is ranked 24th by Open Secretsth Richest person in the US House with a net worth of approximately $46 million, Married to Ahuja Khanna in 2015. His father, Monte Ahuja, serves as the chairman and founder of Transstar Industries, an automotive transmission parts supplier. Cleveland.com reports That the name Ahuja is “associated with prestige and wealth.”
Monte Ahuja is also associated with the Republican Party. According to open secret, he has donated thousands of dollars to US Sen. Rob Portman and contributed to Republicans until 1999.
Khanna serves as the deputy whip of the Progressive Caucus, which seeks to “end our dependence on fossil fuels” and “recognize environmental justice and economic prosperity must go hand in hand.”
Khanna publicly supports that agenda. In September they requested documents on the fossil fuel industry’s alleged role in spreading disinformation about global warming, oversight and reform committee chair Rep. Carolyn B. Maloney (D.N.Y.) joined. The duo called on fossil fuel officials to testify before the committee during a hearing scheduled for October 28, 2021.
“We are deeply concerned that the fossil fuel industry has made huge profits for decades, while contributing to the climate change that is ravaging American communities,” Khanna wrote in a joint statement with Maloney.
This call was partially prompted by a report Greenpeace UK In June, when an ExxonMobil lobbyist was caught on camera discussing how the company allegedly “works against some initial efforts” to address climate change. In reply, Khanna tweeted“This tape only reinforces what we already knew: Fossil fuel companies have lied to the public, regulators, and Congress about the dangers of their products for years.”
He said he would call the CEOs of Chevron and Exxon — companies whose stock his family bought last month — to testify before his subcommittee.