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Showing Original Post only (View all)Report: SecState candidate Rice "Has a Major Financial Stake in Canadian Tar Sands" i.e. Keystone XL [View all]
Last edited Thu Nov 29, 2012, 04:57 PM - Edit history (2)
Secretary of State Candidate Has a Major Financial Stake in Canadian Tar SandsBy Scott Dodd
November 28, 2012
Susan Rice, the candidate believed to be favored by President Obama to become the next Secretary of State, holds significant investments in more than a dozen Canadian oil companies and banks that would stand to benefit from expansion of the North American tar sands industry and construction of the proposed $7 billion Keystone XL pipeline. If confirmed by the Senate, one of Rices first duties likely would be consideration, and potentially approval, of the controversial mega-project.
Rice's financial holdings could raise questions about her status as a neutral decision maker. The current U.S. ambassador to the United Nations, Rice owns stock valued between $300,000 and $600,000 in TransCanada, the company seeking a federal permit to transport tar sands crude 1,700 miles to refineries on the Texas Gulf Coast, crossing fragile Midwest ecosystems and the largest freshwater aquifer in North America.
Beyond that, according to financial disclosure reports, about a third of Rices personal net worth is tied up in oil producers, pipeline operators, and related energy industries north of the 49th parallel -- including companies with poor environmental and safety records on both U.S. and Canadian soil. Rice and her husband own at least $1.25 million worth of stock in four of Canadas eight leading oil producers, as ranked by Forbes magazine. That includes Enbridge, which spilled more than a million gallons of toxic bitumen into Michigans Kalamazoo River in 2010 -- the largest inland oil spill in U.S. history.
Rice also has smaller stakes in several other big Canadian energy firms, as well as the countrys transportation companies and coal-fired utilities. Another 20 percent or so of her personal wealth is derived from investments in five Canadian banks. These are some of the institutions that provide loans and financial backing to TransCanada and its competitors for tar sands extraction and major infrastructure projects, such as Keystone XL and Enbridges proposed Northern Gateway pipeline, which would stretch 700 miles from Alberta to the Canadian coast.
The rest: http://www.onearth.org/article/susan-rice-obama-secretary-state-tar-sands-finances
Here's her financial disclosure info: http://www.opensecrets.org/pfds/CIDsummary.php?CID=N99999935&year=2009
UPDATE: Mother Jones has picked up the story: http://www.motherjones.com/blue-marble/2012/11/obamas-secretary-state-financial-stake-keystone
I'm not familiar with the publication OnEarth. But this does not thrill me.
Don't shoot the messenger. This just came across my desk. Thoughts?
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Report: SecState candidate Rice "Has a Major Financial Stake in Canadian Tar Sands" i.e. Keystone XL [View all]
WilliamPitt
Nov 2012
OP
First of all, she is NOT a candidate for SOS. This is sh__t made up by the RW media hoping for
kelliekat44
Nov 2012
#67
If she is named and if she is confirmed, she COULD recluse herself on that decision I think
karynnj
Nov 2012
#110
right. he claimed to, but his "blind" trust was like his hand over his face promising not to look
CreekDog
Nov 2012
#112
She deserves all the hell they're giving her, then... even if it is a BS reason. nt
Comrade_McKenzie
Nov 2012
#6
Does anyone really believe that this decision will actually be made by the SoS rather than
Freddie Stubbs
Nov 2012
#9
I probably own stock in the company that own the Keystone Pipeline. But I oppose the
bluestate10
Nov 2012
#10
What you suggest is impossible unless those officials sell everything and put the money
bluestate10
Nov 2012
#32
retirement models with scaled back defined benefits indicate a 6-9% return is needed
CreekDog
Nov 2012
#90
why dont her opponents criticize her for this reason instead of BS Benghazi?
NightWatcher
Nov 2012
#15
Because they know that by performing their dog and pony show the Dems will rally around her
blm
Nov 2012
#39
l know i have. it doesn't though. we don't matter after elections are over
SammyWinstonJack
Nov 2012
#30
I reject that "Rice or Not-Rice" is the definition of a purist any more than a single card face-up
patrice
Nov 2012
#132
BTW, I've actually put my face in the streets on the XL issue in a state run by the Koch bros, what
patrice
Nov 2012
#134
Do you know everything about every issue? You assume XL is all there is to do &
patrice
Nov 2012
#137
what are hillary's stock holdings? what are john kerry's stock holdings? what are john boehner's
spanone
Nov 2012
#34
Hillary's and Kerry's holding have been known because they filed it as Senate disclosures
karynnj
Nov 2012
#114
Rice is not an investment manager, or professional investor. My guess is that with a net of
bluestate10
Nov 2012
#55
I agree re Hillary also. I don't like either of them, both supported Bush's illegal wars
sabrina 1
Nov 2012
#120
This is not what they are attacking her on however. In addition, she has not been even nominated
still_one
Nov 2012
#38
Rice can recuse. Hillary Clinton did recuse the first time that issue came up.
bluestate10
Nov 2012
#45
Her mother was a Vice President of the College Board, the notorious educational testing organization
FarCenter
Nov 2012
#47
That's just how much she has invested in TransCanada. A full third of her personal wealth is similar
riderinthestorm
Nov 2012
#49
"emotional reasons for not wanting to let those holdings go"? Yea, especially if they make money.
AnotherMcIntosh
Nov 2012
#111
yep - most politicians are in the 1%. This is what the 1% does/owns. Our system is the problem.
NRaleighLiberal
Nov 2012
#59
well, well, well, I didn't like Rice before, and now she goes directly to my shit list
quinnox
Nov 2012
#62
I don't believe the Secretary of State would have approval over a pipeline...
Jeff In Milwaukee
Nov 2012
#63
I suppose if she were up for Dept of Energy, or the Interior, I'd be more concerned...
Cooley Hurd
Nov 2012
#77
well, personally I'm not a fan of war hawks and people with heavy investments in oil polluters
quinnox
Nov 2012
#100
So, now THIS is a *real* reason to oppose her (potential) nomination for SOS?
Proud Liberal Dem
Nov 2012
#122