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Susan Rice – Richest Cabinet Member – Invests in Iran

Editor’s Note – We are certainly ready to be added to the growing list of people to which the racism tag will be foisted because we are posting an article about UN Ambassador Susan Rice. The only color that counts here though is green, certainly not the color of her skin. Why green? Because she is a very rich person and it appears that she invests in

We will report on her incompetency and lying as well, but how did she get so rich? She is the richest Cabinet Member and Open Secrets shows us just how rich:

The left attacked Mitt Romney for his portfolio investments that included Chinese companies, but that is legal. China does hold “Most Favored Nation” status, permanently granted in 2000. However, investing or doing business with Iran is expressly forbidden by law under the sanctions regime. In fact during her tenure, the sanctions have been tightened, especially in the energy industry.

Susan Rice’s Enrichment Program

U.N. ambassador has investments in companies doing business with Iran, disclosure forms show

BY:  - Washington Free Beacon

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.

President Barack Obama listens as Susan Rice, U.S. Permanent Representative to the United Nations, speaks during a meeting with U.N.

Rice has the highest net worth of executive branch members, with a fortune estimated between $24 to $44 million, according to the Center for Responsive Politics. A Free Beacon analysis of Rice’s portfolio shows thousands of dollars invested in at least three separate companies cited by lawmakers on Capitol Hill for doing business in Iran’s oil and gas sector.

The revelation of these investments could pose a problem for Rice if she is tapped by President Barack Obama to replace Clinton. Among the responsibilities of the next secretary of state will be a showdown with Iran over its nuclear enrichment program.

“That Susan Rice invested in companies doing business in Iran shows either the Obama administration’s lack of seriousness regarding Iran or Rice’s own immorality,” said Michael Rubin, a former Pentagon adviser on Iran and Iraq. “Either way, her actions undercut her ability to demand our allies unity on Iran.”

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.

“A debt of that size would equate to roughly four large tanker loads of Iranian crude or about 8 million barrels,” according to the report.

Rice has additional investments in Norsk Hydro ASA, a Norwegian aluminum firm, and BHP Billiton PLC, an Australian-based natural resources company, financial disclosure show.

Norway’s Norsk Hydro was awarded in 2006 a $107 million exploration and development contract for Iran’s Khorramabad oil block, according to theWall Street Journal. Rice’s portfolio includes an investment of up to $15,000 in the company.

Norsk acknowledged at the time that it was working in Iran against the wishes of the U.S. government.

America is “not happy that we’re there,” Norsk Hydro spokeswoman Kama Holte Strand told the Journal at the time. Holte admitted that the company was working with Tehran because it is “profitable.”

Rice has up to $50,000 invested with another Iranian partner, BHP Billiton, which was probed by the Securities and Exchange Commission in 2010 for its dealings with Cuba and Iran, according to reports.

The company, which had leased office space in Tehran, admitted to making more than $360 million from the Iranians, according to The Australian.

BHP Billiton sought to build a natural gas pipeline between 2002 and 2005 in conjunction with the National Iranian Oil Company, according the report. The company’s subsidiaries additionally “sold alumina, coking coal, manganese, and copper to state-owned Iranian companies.”

The House of Representatives passed a bill in 2007 that took aim at these companies and other that had done business with Iran. The bill enabled state and local governments to divest from these companies due to their dealings with Iran.

Then-senator Obama proposed and supported a similar bill at the time.

It is unclear how White House press secretary Jay Carney will respond to the latest revelations about Rice. Previous questions from the media about Rice’s investment in the company building the controversial Keystone XL pipeline were dismissed by Carney as information from “Republican opposition researchers.”

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Posted by on November 29, 2012. Filed under Breaking News, Corruption. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

2 Responses to Susan Rice – Richest Cabinet Member – Invests in Iran

  1. A_pen

    So much for playing the race card with that kind of wealth. No doubt the old “I don’t control where my money gets invested” line will be used. It’s quite the cover considering we’d have to believe all that money gets handed over to an entity personally unknown to them, for lawful purposes. We’d also have to believe that these investment houses are above the law and reproach since not one has ever been shut down or held accountable in any meaningful way. Sounds just like the government.

  2. Im not a baseball fan, but this whole episode stinks to the high heavens. WHY in Gods name is congress (A group of liars if there ever was one) WASTING their valuable time on a baseball player who allegedly lied about taking drugs that may even kill him someday. The country is in the grip of a horrible mess caused by the inattention of politicians for the last 30 years. That boil is getting ready to burst,and here we have Congress trying to look busy. Its really disgusting. Its impossible for Congress to hold anyone in contempt, because that is the feeling that the entire country has -against THEM!..

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