In Case You Were Wondering, Donald Trump Has Multiple Ties to the Dakota Access Pipeline - Greenpeace USA

6.10.16

In Case You Were Wondering, Donald Trump Has Multiple Ties to the Dakota Access Pipeline - Greenpeace USA: Trump has deep financial and personnel ties to the pipeline, which would transport nearly 500,000 barrels of fracked oil per day from North Dakota to Illinois. The pipeline threatens the water supply and sacred lands of the Standing Rock Sioux, who have joined with dozens of tribes and other groups to stop the project.

While much of Trump’s finances remain a mystery, he did have to file a financial disclosure form when he declared his candidacy for president (despite his claims, this is not the same and does not provide the same level of transparency as a tax return). This disclosure form shows significant investments in the fossil fuel industry, and two of the fossil fuel companies Trump holds stock in are directly funding the Dakota Access Pipeline.

Trump disclosed between $500,000 and $1 million in investments in the primary builder of the pipeline, Texas-based Energy Transfer Partners. He also disclosed $50,000 to $100,000 in investments in Phillips 66, which would own one-quarter of the Dakota Access Pipeline once completed.