Trump Sells his stake in Dakota Access Pipeline developer [View all]

[Kathy M]

" Donald Trump has sold his entire stake in Energy Transfer Partners, the company overseeing construction of the controversial Dakota Access Pipeline, a Trump spokeswoman told NBC News.

Trump's shares of the company created a possible conflict of interest for the president-elect, as his administration may determine the project's fate amid ongoing protests from Native Americans and climate activists. Trump has supported the 1,172-mile pipeline and broader efforts to produce more fossil fuels in the United States.

On Sunday, the Army Corp of Engineers denied a federal permit for the project needed for a segment of the pipeline. Trump's administration could still approve it. "

"Trump spokeswoman Hope Hicks did not say if he also sold his shares of Phillips 66, which has a smaller investment in the project. "

http://www.cnbc.com/2016/12/05/trump-sells-his-stake-in-dakota-access-pipeline-developer.html


Not sure what this move mean as to the future ........ if anything ........

Just wanted to pass on article