More conflict of interest as Trump has stock in Dakota Pipeline
The only way to run an ethical presidency is for Trump to get out of his businesses. But that doesn’t seem to be happening.
…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.
Trump’s 2016 federal disclosure forms 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…
“Trump’s investments in the pipeline business threaten to undercut faith in this process — which was already frayed — by interjecting his own financial well-being into a much bigger decision,” said Sharon Buccino, director of the land and wildlife program at the Natural Resources Defense Council, an environmental group.
“This should be about the interests of the many, rather than giving the appearance of looking at the interests of a few — including Trump,” Buccino said.