The current U.S. ambassador to the United Nations, Rice owns stock valued between $300,000 and $600,000 in TransCanada, the company seeking a federal permit to transport tar sands crude 1,700 miles to refineries on the Texas Gulf Coast, crossing fragile Midwest ecosystems and the largest freshwater aquifer in North America.
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Rice is reportedly Obama’s favorite to take the helm at the State Department next year. Clinton has said repeatedly that she plans to step down shortly after Obama’s second inauguration in January.
OnEarth
[...]
Rice is reportedly Obama’s favorite to take the helm at the State Department next year. Clinton has said repeatedly that she plans to step down shortly after Obama’s second inauguration in January.
OnEarth
Susan Rice, as Secretary of State, will have a say in whether or not the tar sands pipe goes through.
And that's not all...
In 2010, for instance, when Rice and her husband held at least $1.5 million in Royal Bank of Canada, the institution was labeled Canada's most environmentally irresponsible company by the Rainforest Action Network for its support of tar sands development. Public pressure from environmentalists and Canada’s First Nations tribes convinced the bank to stop funding tar sands projects earlier this year.
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[A]bout a third of Rice’s personal net worth is tied up in oil producers, pipeline operators, and related energy industries north of the 49th parallel -- including companies with poor environmental and safety records on both U.S. and Canadian soil. Rice and her husband own at least $1.25 million worth of stock in four of Canada’s eight leading oil producers, as ranked by Forbes magazine. That includes Enbridge, which spilled more than a million gallons of toxic bitumen into Michigan’s Kalamazoo River in 2010 -- the largest inland oil spill in U.S. history.
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After initially indicating it would likely approve TransCanada’s application, the State Department ordered a review of alternate routes to avoid putting critical water sources in Nebraska at risk. The move, which officials said would likely push the approval process back to the first three months of 2013, was an attempt to spare the Obama administration a politically risky decision just before an election year.
[...]
[A]bout a third of Rice’s personal net worth is tied up in oil producers, pipeline operators, and related energy industries north of the 49th parallel -- including companies with poor environmental and safety records on both U.S. and Canadian soil. Rice and her husband own at least $1.25 million worth of stock in four of Canada’s eight leading oil producers, as ranked by Forbes magazine. That includes Enbridge, which spilled more than a million gallons of toxic bitumen into Michigan’s Kalamazoo River in 2010 -- the largest inland oil spill in U.S. history.
[...]
After initially indicating it would likely approve TransCanada’s application, the State Department ordered a review of alternate routes to avoid putting critical water sources in Nebraska at risk. The move, which officials said would likely push the approval process back to the first three months of 2013, was an attempt to spare the Obama administration a politically risky decision just before an election year.
Expect approval in 2013....but hey, do what you want...you will anyway.
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