KSJ Tracker November 30, 2012

American U.N. Ambassador Susan Rice said to have millions invested in Canadian oil and tar sands.

UN Ambassador Susan Rice

While politicians in Washington are squabbling over who-knew-what-when with regard to UN Ambassador Susan Rice and Benghazi, an environmental reporter has revealed important information about her finances.

The woman who could become the next Secretary of State "holds significant investments in more than a dozen Canadian oil companies and banks that would stand to benefit from expansion of the North American tar sands industry and construction of the proposed $7 billion Keystone XL pipeline," writes Scott Dodd on the website of the Natural Resources Defense Council's OnEarth magazine. 

If she is nominated by President Obama and confirmed, one of her likely duties would be "consideration, and potentially approval, of the controversial mega-project," writes Dodd, the editor of OnEarth.org. 

He reports that Rice owns stock valued between $300,000 and $600,000 in TransCanada, the company seeking to build the Keystone pipeline, which would carry crude oil from Canada's tar sands to destinations as far away as the Texas Gulf Coast.

Further, Rice and her husband own at least $1.25 million in stock in four of Canada's eight leading oil producers, Dodd reports. And her net worth is estimated to be $23.5 million to $43.5 million.

For more details, and more on the tricky position Rice would be in as Secretary of State, see Dodd's piece.

-Paul Raeburn


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