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Article posted Dec 05 2012, 1:22 AM Category: Politics/Corruption Source: Huffington Post Print

Susan Rice Owns $300,000-$600,000 Stake In Company Behind Keystone Pipeline


WASHINGTON -- When Susan Rice's potential nomination to the post of secretary of state hit another snag this past week, the White House found itself in a quandary.

On Wednesday, a publication affiliated with the Natural Resources Defense Council dug into the ambassador to the United Nations' financial disclosures, and discovered that she and her husband were heavily invested in several oil companies in western Canada including one, Transcanada, that currently has a project under review at the State Department.

As secretary of state, Rice would have to oversee the review of that project, the Keystone XL pipeline, which has dragged on for several controversial and tortured years.

It would be an obvious conflict of interest, and were she to be confirmed as secretary of state, Rice would almost certainly have to divest from her shares in Transcanada. The ties could give some senators pause over whether to confirm her for the post.


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