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Trump and his key advisors stand to profit from the Dakota Access Pipeline

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Their financial ties are detailed in Antonia Juhasz’s report for Grist about what Donald Trump’s win means for the controversial pipeline, which would run through Standing Rock Sioux sacred lands and under their primary water source.

  • Trump has personally invested between $500,000 and $1 million in Energy Transfer Partners — the very same company that’s constructing the pipeline.
  • Trump has an additional $500,000 to $1 million holding in Phillips 66, which would have a 25 percent stake in the completed Dakota Access project.
  • Energy Transfer Partners Chief Executive Kelcy Warren donated $103,000 toward Trump’s campaign and a further $66,800 to the Republican National Committee after he became the party nominee.
  • Harold Hamm, a top Trump campaign advisor and leading candidate for energy secretary, is the CEO of Continental Resources, whose oil would be carried through the Dakota Access Pipeline.
  • John Paulson, another campaign advisor, is heavily invested in the Bakken oil and gas industry. And that’s just the start for fossil fuel connections on Trump’s team.

 

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The day following Trump’s victory, the stock value of Energy Transfer’s parent company surged 15 percent as the pipeline’s future went from uncertain to a sure bet. The project was 84 percent complete as of Thursday and could be green-lighted by Obama even before Trump’s inauguration.

By Kate Yoder, Grist


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China vows to retaliate for Trump’s Rose Garden press conference — and could impose new sanctions on America

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US President Donald Trump said Tuesday he was ending preferential trade treatment for Hong Kong and had signed into law an act that authorises sanctions on banks over China's clampdown in the international finance hub.

In a discursive news conference dominated by attacks on his domestic rivals, Trump declared himself to be the toughest president ever on China, a country he is increasingly positioning as his nemesis ahead of November elections.

Trump announced that he had issued an executive order on Hong Kong as he predicted decline for the restless city, on which Beijing recently imposed a tough new security law.

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2020 Election

Trump’s former White House doctor Ronny Jackson wins GOP runoff for Congress in Texas

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Ronny Jackson, the former White House physician and President Donald Trump's onetime nominee for secretary of veterans affairs, has won his bid for the Republican nomination for a solidly red congressional seat in the Texas Panhandle.

With 100% of polling locations reporting, though some mail-in ballots will still need to be counted, Jackson held a lead of 11 percentage points over Josh Winegarner, a veteran agriculture expert and lobbyist. Jackson and Winegarner were competing for a seat being vacated by U.S. Rep. Mac Thornberry, R-Clarendon, who is retiring and held the seat since 1995.

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Ivanka Trump’s tweet raises eyebrows: ‘Why is a senior White House official endorsing a food product?’

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As her big brother was dragging their 14-year-old half brother into the 2020 campaign, senior White House advisor Ivanka Trump was endorsing a line of canned food products.

If it’s Goya, it has to be good. Si es Goya, tiene que ser bueno. pic.twitter.com/9tjVrfmo9z

— Ivanka Trump (@IvankaTrump) July 15, 2020

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