Trump’s financial disclosure forms show he invested in Energy Transfer Partners, operators of the controversial pipeline, and its CEO donated to his campaign
Source: Dakota Access pipeline company and Donald Trump have close financial ties | US news | The Guardian
The Dakota Access Pipeline: Trump’s First Conflict of Interest?
The Dakota Access Pipeline is still endangering the water supply of the Standing Rock Sioux, despite that the Obama administration has stopped it. Conflict of interest should prevent Donald Trump, as president, from being involved in the ongoing dispute. In this situation, he shows a great conflict of interest because he has a financial interest in this entire matter.
It could be the new president’s first conflict of interest because Donald Trump owns stock in Energy Transfer Partners, the builders of the pipeline. He and has received campaign contributions from that company’s CEO, Kelcy Warren. The conflict of interest runs two ways.
Donald Trump’s financial disclosure statements show that he has invested between $500,000-$1 million in ETP stock. In addition to this Investment in ETP, Trump’s financial disclosure statement indicates that he has also spent between $500,000-$1 million in Phillips 66. That company has a 25% interest in ETP and stands to make a larger return on their investment if ETP is allowed to build the Dakota Access Pipeline.
Kelcy Warren, CEO of ETP has also invested a considerable amount of money to Donald Trump’s presidential campaign. On June 29, Warren made a $3000 campaign contribution to Trump, even though the legal limit for individual campaign contributions is $2700. No one seems to know whether Donald Trump returned $3000 to Warren as required by law. This irregularity in itself could be a scandal for the incoming president.
Also, Warren also made a $100,000 donation to the Trump Victory Fund, the Republican National Committee (RNC), and eleven state Republican parties. The day before that ETP made two donations to the RNC totaling $66,800. The reason why they chose to split the gifts into two parts is unknown, but it looks suspicious.
The big question is, how can Donald Trump ethically make any decision about the Dakota Access Pipeline? The answer is, he can’t! This conflict of interest by Donald Trump is so blatant it’s unbelievable.
If Donald Trump cares anything about ethics, which he probably doesn’t, he will step back away from this entire situation. To avoid this glaring conflict of interest, he has little choice other than to support the stance of the outgoing president, Barack Obama.
That decision, as we know, is to force ETP to take a different route for the Dakota Access Pipeline; something that they are trying very hard not to do.
Dakota Access Pipeline Facts
The Dakota Access Pipeline (DAPL) is the safest and most environmentally sensitive way to transport crude oil from domestic wells to American consumers.
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