Susan Rice has Major Financial Stake in Keystone XL Pipeline

Don’t take the bait, it’s a trap to get the Right to approve her as Secretary of State.  Notice only the left is reporting this story.

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 Rice’s 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 Rice’s 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 Canada’s eight leading oil producers, as ranked by Forbes magazine. That includes Enbridge, which 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.

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Jennifer Rubin has picked up the story

Is Susan Rice toast?

First was the story in Mother Jones dinging U.N. Ambassador Susan Rice for her potential conflict of interest on the Keystone XL pipeline. Then this from the New York Times, the New York-based communications arm of the White House, via Andrew Rosenthal:

Republicans seem to have finally scored one victory this fall — taking Susan Rice out of the running for secretary of state. . . . Senator Susan Collins of Maine, one of the only supposed Republican moderates left in Washington, essentially killed Ms. Rice’s prospects of becoming Secretary of State today. Ms. Collins said that Ms. Rice had played to presidential politics in her description of the Benghazi assault, which she said “began spontaneously” and were spurred by the YouTube video.via Is Susan Rice toast? – Right Turn – The Washington Post.

I suspect that Rice will end up staying where she is, and John Kerry will get a phone call in the next couple of months. – Read More

But who would you rather have as Secretary of State, Susan Rice or John Kerry?

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