Thread: Trump supports completion of Dakota Access Pipeline

Thu Dec 1, 2016 | 6:36pm EST

Trump supports completion of Dakota Access Pipeline

U.S. President-Elect Donald Trump speaks at event at Carrier HVAC plant in Indianapolis, Indiana, U.S., December 1, 2016. REUTERS/Chris Bergin


By Valerie Volcovici | WASHINGTON

U.S. President-elect Donald Trump on Thursday said for the first time that he supports the completion of a pipeline project near a North Dakota Indian reservation, which has been the subject of months of protests by tribes and environmentalists.

A communications briefing from Trump's transition team said despite media reports that Trump owns a stake in Energy Transfer Partners (ETP.N), the company building the pipeline, Trump's support of the pipeline "has nothing to do with his personal investments and everything to do with promoting policies that benefit all Americans."

"Those making such a claim are only attempting to distract from the fact that President-elect Trump has put forth serious policy proposals he plans to set in motion on Day One," said the daily briefing note sent to campaign supporters and congressional staff.

Activists have spent months protesting plans to route the $3.8 billion Dakota Access Pipeline beneath a lake near the Standing Rock Sioux reservation, saying the project poses a threat to water resources and sacred Native American sites.

On Thursday, U.S. military veterans were arriving at a camp to join thousands of activists braving snow and freezing temperatures to protest the pipeline.

Republican Trump has been a vocal supporter of another high-profile pipeline project, Transcanada's (TRP.TO) Keystone XL, which Democratic President Barack Obama denied a permit for last year.
Republican North Dakota Senator John Hoeven said he met with Trump's transition team to discuss the delayed pipeline.

"Today, Mr. Trump expressed his support for the Dakota Access Pipeline, which has met or exceeded all environmental standards set forth by four states and the Army Corps of Engineers," Hoeven said in a statement.

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"It is important to know that the new administration will work to help us grow and diversify our energy economy and build the energy infrastructure necessary to move it from where it is produced to where it is needed," he said.

http://www.reuters.com/article/us-us...KBN13Q609?il=0

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Read Trump has stock in the pipeline.

Hope he has some decency for the environment, our health and supports the efforts of preserving endangered species over profits.

Plenty of money to be made and jobs galore in clean renewable energy forms.

"Preservation of our environment is not a liberal or conservative challenge, it's common sense."
-- Ronald Reagan

"No man may poison the people for his private profit."
—Theodore Roosevelt

"The supreme reality of our time is the vulnerability of our planet."
President John F. Kennedy

“When a man must be afraid to drink freely from his country's river and streams that country is no longer fit to live in. ”― Edward Abbey

Trump's Stock Portfolio: Big Oil, Big Banks And More Foreign Connections

Forbes‎ - 2 days ago
With a tangled web of real estate holdings and licensing deals, president-elect Donald ...

. . . He also hold stakes in a variety of multinational oil companies like Shell, Chevron and Exxon Mobil.

The connections to the energy industry doesn't stop there. The climate-change skeptic owns shares in Phillips 66 PSX +2.25%- a joint venture partner in the controversial Dakota Access pipeline, where demonstrations are ongoing, and in Kinder Morgan, another pipeline giant facing resistance for its plans to connect the Canadian oil sands to Vancouver, British Columbia.

Trump also has a small investment in Canadian energy company TransCanada, the developer of Keystone XL pipeline, which was rejected by President Barack Obama last year but supported by Trump . . .

Trump's Stock Portfolio: Big Oil, Big Banks And More Foreign Connections

To avoid any appearance of impropriety, Trump needs to divest from those companies while serving as President of the United States.

. . . Yet The Donald owns anywhere from $500,000 to $1 million worth of shares each in Citigroup, JP Morgan Chase , Wells Fargo, Morgan Stanley and Goldman Sachs -- in other words, five of the famous “big six” banks . . .

Not sure how I feel about the pipeline, haven't done much research.

I wish Pres. Elect Trump didn't have anything in his dealings, etc., that could seem like a conflict of interests.

Truth be told, many of us probably have shares in those companies if we have any annuities, retirement investments, mutual funds etc. The people who manage those funds invest in stocks that make money - theoretically.

Just because we don't know about it, doesn't mean we aren't benefiting from it.

Not judging or condemning - anyone but myself, that is.

Originally Posted by nntrixie

Not sure how I feel about the pipeline, haven't done much research.

I wish Pres. Elect Trump didn't have anything in his dealings, etc., that could seem like a conflict of interests.

Truth be told, many of us probably have shares in those companies if we have any annuities, retirement investments, mutual funds etc. The people who manage those funds invest in stocks that make money - theoretically.

Just because we don't know about it, doesn't mean we aren't benefiting from it.

Not judging or condemning - anyone but myself, that is.

Yes, but we're not in a position of power to make decisions regarding these companies profitability.

Originally Posted by nntrixie

Not sure how I feel about the pipeline, haven't done much research.

I wish Pres. Elect Trump didn't have anything in his dealings, etc., that could seem like a conflict of interests.

Truth be told, many of us probably have shares in those companies if we have any annuities, retirement investments, mutual funds etc. The people who manage those funds invest in stocks that make money - theoretically.

Just because we don't know about it, doesn't mean we aren't benefiting from it.

Not judging or condemning - anyone but myself, that is.

This whole "conflict of interest" issue is a fabricated issue by Hillary Shrills with no more meat on its bones than the Miss Piggy story.

There is nothing wrong or illegal about our electing a Billionaire to be President. There is no law, rule, ruling or regulation that requires him to divest of his fortune, simply because we did. There is nothing at all that requires him to stop promoting his name, his reputation, his accomplishments, his family or his business.

We have ignorant people in the media trying to discuss something as an issue, that is not an issue.

Approving the Dakota Access Pipeline is not a conflict of interest with the people of the United States, regardless of who does it or what they own when they do. The Dakota Access Pipeline is an ordinary common-place pipeline project. It doesn't touch the Indian Reservation. It's not on their lands. It is a perfectly legal, and apparently environmentally safe pipeline, per the approvals of the EPA, and without an environmental objection or natural security issue, no President has any authority to disapprove it.