Trump and advisers stand to profit from Dakota pipeline
There are more conflict-of-interest issues with Trump than with Clinton, given the nature of his holdings.
- Trump has personally invested between $500,000 and $1 million in Energy Transfer Partners — the very same company that’s constructing the pipeline.
- Trump has an additional $500,000 to $1 million holding in Phillips 66, which would have a 25 percent stake in the completed Dakota Access project.
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- Energy Transfer Partners Chief Executive Kelcy Warren donated $103,000 toward Trump’s campaign and a further $66,800 to the Republican National Committee after he became the party nominee.
- Harold Hamm, a top Trump campaign advisor and leading candidate for energy secretary, is the CEO of Continental Resources, whose oil would be carried through the Dakota Access Pipeline.
- John Paulson, another campaign advisor, is heavily invested in the Bakken oil and gas industry. And that’s just the start for fossil fuel connections on Trump’s team.
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D.B. Hirsch is a political activist, news junkie, and retired ad copy writer and spin doctor. He lives in Brooklyn, New York.