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Susan Rice May Have Major Financial Stake in Keystone Pipeline

 
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User ID: 28308154
Canada
11/29/2012 02:01 PM

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Susan Rice May Have Major Financial Stake in Keystone Pipeline
Susan Rice, thought by many to be Obama's number one pick for Secretary of State, holds millions of dollars in investments in Canadian oil companies and banks with stakes in the $7 billion Keystone XL Pipeline, according to a piece out today from OnEarth, a magazine published by the environmental advocacy group Natural Resources Defense Council. As head of the State Department, Rice would have ultimate authority in determining the fate of the pipeline, which would link northern Alberta's remote oil sands fields to Texas' Gulf Coast refineries.

The piece reveals that Rice has significant holdings (PDF) in more than a dozen Canadian oil companies and banks that would benefit from the growth of the Canadian tar sands industry and the construction of the controversial pipeline. OnEarth's Scott Dodd finds that nearly a third of Rice's personal net worth—estimated in 2009 to be between $23.5 million and $43.5 million—is invested in Canadian oil producers, pipeline operators, and other energy companies including several with egregious environmental records on both sides of the border. Financial disclosure reports further show that Rice has between $300,000 and $600,000 invested in TransCanada, the company that is seeking the permit from the State Department to build sections of the pipeline from Oklahoma to the Canadian border.

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--"In this era of great big brains anything that can happen will. So hunker down." -- Kurt Vonnegut, JR. -- Galapagos.
Anonymous Coward
User ID: 1283316
Canada
11/29/2012 02:28 PM
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Re: Susan Rice May Have Major Financial Stake in Keystone Pipeline
Smart lady. I have a lot in Canadian banks, oil sands companies and TransCanada pipelines (who will be building Keystone XL once it is approved) too.

All of these stocks are up, even in a slow market and they came through the crash and subsequent recession OK. Let's get on with it.
Anonymous Coward
User ID: 28913057
Germany
12/02/2012 07:42 PM
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Re: Susan Rice May Have Major Financial Stake in Keystone Pipeline
bump Nice Ponzi scheme...
Anonymous Coward
User ID: 28737707
United States
12/02/2012 07:49 PM
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Re: Susan Rice May Have Major Financial Stake in Keystone Pipeline
Golly

Does anyone else think these people might be running our foreign policy with their own personal profit in mind?

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