not to accept money from fossil-fuel firms. Dozens of those now serving in his administration, however, were less rigid about separating themselves from energy giants. In fact, at least 74 Biden Administration officials and nominees disclosed interests in the fossil-fuel sector, according to a review of federal disclosures byIt’s not that surprising, given that the energy sector makes up a significant portion of the U.S. economy.
Officials often take office with wide-ranging assets, then rework their portfolios early in their tenures to eliminate potential conflicts of interest. That process is now happening for many Biden nominees. When reached for comment, spokespeople from four departments and the White House noted that the officials are going through standard ethics procedures.