Saturday, November 26, 2016

Donald Trump's First 100 Day: "Trump’s Stock in Dakota Access Pipeline Company Raises Concern" - UPDATED

President-elect Donald Trump holds stock in the company building the disputed Dakota Access oil pipeline, and pipeline opponents warn that Trump’s investments could affect any decision he makes on the $3.8 billion project as president.

Concern about Trump’s possible conflicts comes amid protests that unfold daily along the proposed pipeline route. The dispute over the route has intensified in recent weeks, with total arrests since August rising to 528. A recent clash near the main protest camp in North Dakota left a police officer and several protesters injured.

Trump’s most recent federal disclosure forms, filed in May, show he owned between $15,000 and $50,000 in stock in Texas-based Energy Transfer Partners. That’s down from between $500,000 and $1 million a year earlier.

Trump also owns between $100,000 and $250,000 in Phillips 66, which has a one-quarter share of Dakota Access.

While Trump’s stake in the pipeline company is modest compared with his other assets, ethics experts say it’s among dozens of potential conflicts that could be resolved by placing his investments in a blind trust, a step Trump has resisted. Read More
Both the American people and the media need to hold President-elect Trump's feet to the fire until he releases his tax returns for public scrutiny. In refusing to release his tax returns, Trump is setting a very bad precedent and he should not be allowed to get away with it.
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