Tuesday, December 6, 2016

Love for sale: Trump favors Dakota Access Pipe Line

Trump for sale
Presidential favors for sale
He loves bucks that are unspoiled
Money only slightly soiled
Trump for sale
- Sung to the tune of “Love for Sale” with aplogies to Cole Porter and Ella Fitzgerald.

Vox.com carried the story a few days ago: Trump has endorsed the Dakota Access Pipeline. The next move is Obama’s. Here is where following the money gets us.

For the first time, Donald Trump has said he supports finishing construction of the controversial Dakota Access Pipeline, which is currently being held up by both the Obama administration and (more significantly) massive protests near an Indian reservation in North Dakota.

No one should be too shocked that Trump would endorse the $3.8 billion project. He’s repeatedly said that he’s in favor of more fossil fuel infrastructure. And the company behind the pipeline, Energy Transfer Partners, had donated $100,000 to a Trump Victory Fund before the election in the hopes he’d greenlight it. (The pipeline is more than 85 percent finished but is still awaiting permits from the Army Corps of Engineers that would allow it to cross the Missouri River.)

There’s also a bizarre financial twist here: Earlier this year, disclosure forms suggested that Trump himself still had as much as $300,000 personally invested in the project, although spokespeople claim he has since sold much of that stock off.

In a statement Thursday, his transition team insisted that Trump’s support for the pipeline “has nothing to do with his personal investments and everything to do with promoting policies that benefit all Americans.” It’s a very odd clarification for a president-elect to have to make.

Apparently “all Americans” does not include the Standing Rock Sioux.

Yesterday the Army Corps of Engineers announced their decision, reports the NY Times in Army Blocks Drilling of Dakota Access Oil Pipeline. How will the president-elect handle a potential conflict with the Corps given his investments? Love for sale?

No comments:

Post a Comment