• Live
    • Audio Only
  • google plus
  • facebook
  • twitter
  • Donald Trump speaks during the second official Republican presidential candidates debate at the Ronald Reagan Presidential Library in Simi Valley, California, September 16, 2015.

    Donald Trump speaks during the second official Republican presidential candidates debate at the Ronald Reagan Presidential Library in Simi Valley, California, September 16, 2015. | Photo: Reuters

Published 6 October 2016

Trump disclosed investments in companies financing the controversial pipeline.

Republican Presidential candidate and business mogul Donald Trump's extensive commercial networks include the US$3.7 billion Dakota Access Pipeline, which has been the object of animated protests from Native American nations and environmental activists.

RELATED:
Trump Foundation Ordered to Halt Fundraising over 'Fraud'

While Trump has increasingly been under pressure to release his tax returns – he is the first major party presidential nominee in modern history who has not done so – Trump's many investments include companies that are financing the pipeline, according to the environmental group, Greenpeace.

Greenpeace says that Trump's financial disclosure forms disclose investments with two corporate stakeholders in the pipeline which Indigenous and environmental activists say will ruin sacred burial grounds and pollute local water supplies.

Trump disclosed $US500 million to $US1 billion in investments going to Energy Transfer Partners, a Texas-based company that is the primary builder of the 1,168-mile pipeline which, when finished, would run from North Dakota to Illinois.

Trump's financial disclosure form also reveals that he had between $US50,000 to $US100,000 in company Phillips 66, which has purchased an ownership stake in the pipeline that is equal to one-quarter of its value, once it is completed.

RELATED:
'Smoking Gun' Shows Republican-Oil Industry Climate Collusion

Harold Hamm, Trump's energy advisor who made millions of dollars through Continental Resources, the biggest fracking company in the U.S., is also a stakeholder in the pipeline.

While Trump has not made any public comments about his connection to the pipeline, he has continually downplayed a number of major environmental concerns. He has previously stated that he wishes to renegotiate climate change regulations in favor of big oil industries and even claiming that he would "cancel" the Paris Climate Change accords.

Comment
0
Comments
Post with no comments.