Pssssssssssssst! Dakota Access pipeline company and Donald Trump have close financial ties
Trump’s financial disclosure forms show he invested in Energy Transfer Partners, operators of the controversial pipeline, and its CEO donated to his campaign
https://www.theguardian.com/us-news/2016/oct/26/donald-trump-dakota-access-pipeline-investment-energy-transfer-partners
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Oliver Milman in New York
Donald Trump’s close financial ties to Energy Transfer Partners, operators of the controversial Dakota Access oil pipeline, have been laid bare, with the presidential candidate invested in the company and receiving more than $100,000 in campaign contributions from its chief executive.
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Trump’s financial disclosure forms show the Republican nominee has between $500,000 and $1m invested in Energy Transfer Partners, with a further $500,000 to $1m holding in Phillips 66, which will have a 25% stake in the Dakota Access project once completed. The information was disclosed in Trump’s monthly filings to the Federal Election Commission, which requires candidates to disclose their campaign finance information on a regular basis.
The financial relationship runs both ways. Kelcy Warren, chief executive of Energy Transfer Partners, has given $103,000 to elect Trump and handed over a further $66,800 to the Republican National Committee since the property developer secured the GOP’s presidential nomination.
On 29 June, Warren made $3,000 in donations to Trump’s presidential campaign. The limit for individual contributions to a candidate is $2,700 per election and it’s unclear whether Trump returned $300 to Warren. Trump’s campaign was contacted for comment.
Warren made a further $100,000 donation to the Trump Victory Fund, a joint fundraising committee among Trump’s campaign, the RNC and 11 state parties, on 29 June. A day earlier, the Energy Transfer Partners chief executive doled out $66,800 in two separate donations to the RNC.
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