Trump's stock in pipeline concerns opponents

WASHINGTON (AP) — President-elect Donald Trump holds stock in the company building the disputed Dakota Access oil pipeline, and pipeline opponents warn that Trump's investments could affect any decision he makes on the $3.8 billion project as president.

Trump's 2016 federal disclosure forms show he owned between $15,000 and $50,000 in stock in Texas-based Energy Transfer Partners. That's down from between $500,000 and $1 million a year earlier.

Trump also owns between $100,000 and $250,000 in Phillips 66, which has a one-quarter share of Dakota Access.

While Trump's stake in the pipeline company is modest compared with his other assets, ethics experts say it's among dozens of potential conflicts that could be resolved by placing his investments in a blind trust, a step Trump has resisted.

The Obama administration said this month it wants more study and tribal input before deciding whether to allow the partially built pipeline to cross under a Missouri River reservoir in North Dakota.

The 1,200-mile pipeline would carry oil across four states to a shipping point in Illinois. The project has been held up while the Army Corps of Engineers consults with the Standing Rock Sioux, who believe the project could harm the tribe's drinking water and Native American cultural sites.

The delay, which comes as protests unfold daily along the proposed route, raises the likelihood that a final decision will be made by Trump, a pipeline supporter who has vowed to "unleash" unfettered production of oil and gas. He takes office in January.


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