Tag - trans canada

Susan Rice’s Conflict of Interest – Major Holdings in Tar Sands Oil, Keystone XL Pipeline, and Canadian Financiers

By Michael Collins
Photobucket(Washington, DC 11/29) United Nations Ambassador Susan Rice will face serious and blatant conflicts of interest if nominated and confirmed as United States Secretary of State.  Rice has major financial interests in the company extracting oil from Canada’s tar sands, the company building the pipeline that will carry the oil across the U.S., and the Canadian banks financing this deadly project. (Image)

As Secretary of State, Rice would be responsible for the key recommendation to President Barack Obama on lifting the president’s ban on construction of the Keystone XL pipeline imposed in January.  She would make the decision knowing that there would be major impact on nearly one third of her (and her husband’s) investments.

According to her 2011 financial disclosures, “Rice and her husband own at least $1.25 million worth of stock in four of Canada’s eight leading oil producers.” These include Enbridge,  the oil company extracting the highly toxic tar sands oil from Alberta, Canada’s boreal forest, which are being destroyed to access the oil (boreal forests sequester carbon). Read More