Trump sells his stake in Dakota Access Pipeline developer
[CNBC]
Jacob Pramuk
CNBCDecember 5, 2016
Donald Trump has sold his entire stake in Energy Transfer Partners (ETP), the company overseeing construction of the controversial Dakota Access Pipeline, a Trump spokeswoman told NBC News.
Trump's shares of the company created a possible conflict of interest for the president-elect, as his administration may determine the project's fate amid ongoing protests from Native Americans and climate activists. Trump has supported the 1,172-mile pipeline and broader efforts to produce more fossil fuels in the United States.
On Sunday, the Army Corp of Engineers denied a federal permit for the project needed for a segment of the pipeline. Trump's administration could still approve it.
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http://finance.yahoo.com/news/trump-sells-stake-dakota-access-193419610.html
