In what may be the least shocking Donald Trump-related news yet, the Republican presidential candidate’s financial disclosure forms reveal close, mutual ties with the company behind the Dakota Access Pipeline. Apparently, Energy Transfer Partners’ CEO has given over $100,000 to the Trump campaign and the presidential hopeful could have up to $1 million invested in the corporate giant.
Details of the financial relationship between Energy Transfers and Trump were disclosed in the candidate’s monthly Federal Election Commission filings, a mandatory report containing information on campaign finances. Not only does Trump have between $500,000 and $1 million invested directly into the company, but he also has a similar range of financial holdings in Phillips 66, an energy company expected to have a 25 percent stake in the pipeline after completion. The connection goes both ways, reports The Guardian. Energy Transfer CEO Kelcy Warren has provided $103,000 in direct campaign funds to the real estate mogul and an extra $66,800 to the Republican National Committee since the time he was officially nominated.
The alliance should come as little surprise to anyone who knows Trump’s stance on the future of US energy production. A fierce proponent of furthering fossil fuel industries and a vehement climate change denier, the nominee recently told a crowd at a Gettysburg, Pennsylvania rally, “We are going to allow the Keystone pipeline and so many other things to move forwards. Tremendous numbers of jobs and good for our country.” Energy Transfer Partners has yet to comment on the donations given.
Via The Guardian