Susan Rice has hundreds of thousands invested in TransCanada, the company trying to build Keystone XL pipeline.

Susan Rice has hundreds of thousands invested in TransCanada, the company trying to build Keystone XL pipeline.(SN).By Bryn Weese.The front-runner to replace Hillary Clinton as US Secretary of State has hundreds of thousands invested in TransCanada, the company trying to build the $7-billion Keystone XL pipeline. And Susan Rice, currently America's ambassador to the UN, has millions more invested in other Canadian oil and energy companies, such as Enbridge, Imperial, Encana and Cenovus, companies that also stand to benefit financially should the controversial pipeline be approved next year.
On Earth, an environmental news website affiliated with groups that oppose the pipeline and the oilsands, first reported Wednesday that Rice owns between $300,000 and $600,000 worth of stock in TransCanada. Rice's holdings in the Canadian energy companies could be considered a major conflict of interest should she be picked as the next Secretary of State.
Keystone would cross an international border, so it would ultimately be up to the State Department and its secretary to approve or reject the company's application to build the pipeline. Reports suggest she could sell her shares or put them in a blind trust to avoid a conflict, should she be appointed as Clinton's replacement by President Barack Obama. According to a spokesperson for Rice, she has followed all of the financial reporting laws required of her as a public servant, "and is committed to continuing to meet these obligations," Erin Pelton reportedly said in a statement to reporters. Still, environmentalists who oppose the oilsands and the Keystone XL pipeline expressed concern this week at the news that Rice is so heavily invested in them, and her appointment risks angering Obama's supporters on the left.Hmmmm....."Insider knowledge?"Read the full story here.Much more here Susan Rice owns shares in companies doing business in Iran