Susan Rice's holdings of Canadian oil stocks raises conflict of interest

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reikiman's picture
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Susan Rice's holdings of Canadian oil stocks raises conflict of interest

Just came across this piece of news and decided to write up my own news article on it.

There's apparently some controversy over Susan Rice's likely appointment to become Secretary of State to replace Hillary Clinton. I don't understand the actual controversy, but this particular piece of news relates to something I do care about. The Keystone XL controversy.

That deal was not "canceled" by the Obama Administration, but merely delayed. The decision was delayed until after the election so that it would not become a political football. It's expected to come up for decision in early 2013.

This means that whoever replaces Hillary Clinton will be the one leading the decision on that pipeline.

Susan Rice is apparently Obama's preferred choice for the role. However she and her husband own millions of dollars of investment in Canadian oil companies and banks that stand to directly benefit from approval of the Keystone XL pipeline. That includes TransCanada, the very company proposing the Keystone XL pipeline.

Can you say "Conflict of Interest"?

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