Nov 28, 2012
The shoulders on which the Keystone Pipeline XL decision may fall happens to have a half-million dollar stake in the game. Secretary of State hopeful and current U.S. Ambassador to the UN, Susan E. Rice reportedly owns between $300,000 and $600,000 of TransCanada stock.
The company is seeking a federal permit to transport Canadian tar sands 1,700 miles to refineries on the Texas Gulf Coast, crossing both fragile Midwest ecosystems and the largest freshwater aquifer in North America.
According to full disclosure reports, Rice--the potential arbiter of this grant--reportedly has a third of her significant net worth tied up in oil producers, pipeline operators, and related energy industries.
In addition to the half a million invested in Transcanada, Rice has between $1,250,000 to $1,500,000 of assets in Enbridge Oil which, Scott Dodd writing for OnEarthnotes, "spilled more than a million gallons of toxic bitumen into Michigan's Kalamazoo River in 2010--the largest inland oil spill in U.S. history."
Dodd points out that Rice and her husband own at least $1.25 million worth of stock in four of Canada's eight leading oil producers, including Enbridge, as ranked by Forbes magazine.
"It's really amazing that they're considering someone for Secretary of State who has millions invested in these companies," said environmental leader and 350.org founder, Bill McKibben.
The approval of the Keystone XL pipeline is being spearheaded by the State Department since successful environmental campaigning prompted President Barack Obama to delay authorization until at least 2013.
Join Us: News for people demanding a better world
Common Dreams is powered by optimists who believe in the power of informed and engaged citizens to ignite and enact change to make the world a better place. We're hundreds of thousands strong, but every single supporter makes the difference. Your contribution supports this bold media model—free, independent, and dedicated to reporting the facts every day. Stand with us in the fight for economic equality, social justice, human rights, and a more sustainable future. As a people-powered nonprofit news outlet, we cover the issues the corporate media never will. |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
The shoulders on which the Keystone Pipeline XL decision may fall happens to have a half-million dollar stake in the game. Secretary of State hopeful and current U.S. Ambassador to the UN, Susan E. Rice reportedly owns between $300,000 and $600,000 of TransCanada stock.
The company is seeking a federal permit to transport Canadian tar sands 1,700 miles to refineries on the Texas Gulf Coast, crossing both fragile Midwest ecosystems and the largest freshwater aquifer in North America.
According to full disclosure reports, Rice--the potential arbiter of this grant--reportedly has a third of her significant net worth tied up in oil producers, pipeline operators, and related energy industries.
In addition to the half a million invested in Transcanada, Rice has between $1,250,000 to $1,500,000 of assets in Enbridge Oil which, Scott Dodd writing for OnEarthnotes, "spilled more than a million gallons of toxic bitumen into Michigan's Kalamazoo River in 2010--the largest inland oil spill in U.S. history."
Dodd points out that Rice and her husband own at least $1.25 million worth of stock in four of Canada's eight leading oil producers, including Enbridge, as ranked by Forbes magazine.
"It's really amazing that they're considering someone for Secretary of State who has millions invested in these companies," said environmental leader and 350.org founder, Bill McKibben.
The approval of the Keystone XL pipeline is being spearheaded by the State Department since successful environmental campaigning prompted President Barack Obama to delay authorization until at least 2013.
The shoulders on which the Keystone Pipeline XL decision may fall happens to have a half-million dollar stake in the game. Secretary of State hopeful and current U.S. Ambassador to the UN, Susan E. Rice reportedly owns between $300,000 and $600,000 of TransCanada stock.
The company is seeking a federal permit to transport Canadian tar sands 1,700 miles to refineries on the Texas Gulf Coast, crossing both fragile Midwest ecosystems and the largest freshwater aquifer in North America.
According to full disclosure reports, Rice--the potential arbiter of this grant--reportedly has a third of her significant net worth tied up in oil producers, pipeline operators, and related energy industries.
In addition to the half a million invested in Transcanada, Rice has between $1,250,000 to $1,500,000 of assets in Enbridge Oil which, Scott Dodd writing for OnEarthnotes, "spilled more than a million gallons of toxic bitumen into Michigan's Kalamazoo River in 2010--the largest inland oil spill in U.S. history."
Dodd points out that Rice and her husband own at least $1.25 million worth of stock in four of Canada's eight leading oil producers, including Enbridge, as ranked by Forbes magazine.
"It's really amazing that they're considering someone for Secretary of State who has millions invested in these companies," said environmental leader and 350.org founder, Bill McKibben.
The approval of the Keystone XL pipeline is being spearheaded by the State Department since successful environmental campaigning prompted President Barack Obama to delay authorization until at least 2013.
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.