Reply #9

WASHINGTON - Susan Rice's would-be path to the U.S. State Department hit another snag on Wednesday following revelations that she owns significant stock in Calgary-based TransCanada, the energy giant hoping to win approval from the Obama administration to build its Keystone XL pipeline.

The State Department is in charge of making a final decision on the $7 billion pipeline since it crosses an international border.

If Rice, the current U.S. ambassador to the United Nations, is tapped to be Hillary Clinton's replacement as secretary of state — and subsequently survives the nomination process in the U.S. Senate — she'd be in a potential conflict-of-interest situation.

As first reported by On Earth, an environmental news website, Rice holds substantial investments in several Canadian oil companies and financial institutions that stand to gain from both the pipeline and the expansion of Alberta's oilsands.

Financial disclosure records show that Rice, who's married to a Canadian, owns stock valued between US$300,000 and $600,000 in TransCanada (TSX:TRP).

The records also show that about a third of Rice's personal wealth — estimated to be as high as $43 million — is tied up in oil producers, pipeline operators and other energy industries in Canada.

http://www.huffingtonpost.ca/2012/11/28/susan-rice-transcanada-oil-investments-conflict_n_2207808.html

Some of her other investments:
Bank of America - $50,000
BP - $100,000
Wal-Mart Stores - $115,000
Pfizer Inc - $15,000
Murphy Oil - $150,000
McDonald's Corp - $50,000
Imperial Oil - $1,200,000