Saturday, November 26, 2016

Trump owns shares in the Dakota Access company – Aftenposten

America’s next president owns shares for between 130.000 and 430.000 money in Texas-company Energy Transfer Partners, as well as between 860.000 and 2.1 million in Phillips 66, which owns a quarter of the Dakota Access.

Trump says the shareholding in oljerørledningselskapet is modest compared with his other assets, while etikkeksperter says it is of several potential conflicts that could have been solved by having independent custodians in a so-called “blind trust” to take responsibility for the assets.

Impact

Concerns about Trump’s possible conflicts of interest comes at the same time that there are demonstrations daily in North Dakota. Environment and urfolksaktivister refuses to give up the fight and has been in fierce clashes with police.

on Sunday claimed to the police that the protesters threw rocks and burning vedkubber against them, while the protesters accuse on its side the police to have used vannkanon against them despite freezing temperatures in the air. Since august is 528 protesters have been arrested.

In the border area between North and South Dakota to the pipeline according to the plan laid under the Missouri river close by siouxreservatet in Standing Rock. The indigenous people fear that the leaks will contaminate the main drikkevannskilden their and also claim that the pipeline will cross areas that have great historical and cultural significance for them.

Norwegian interests

The closer to 2,000 mile Dakota Access pipeline stretching from Bakken field in North Dakota, through South Dakota and Iowa to Illinois. Statoil is heavily inside the ownership in the Bakken field, which was discovered on the farm to the norskættede farmer Henry Bakken in 1951, but the company is not involved in the construction of the pipeline.

DNB-funds-sold recently their ownership interests in one of the companies that build the pipeline, but has helped with credit lines totalling nok 2.8 billion to the project. This låneengasjementet is now under consideration.

the Government pension fund global has invested approximately 6.7 billion in the three companies that builds, owns and will operate the pipeline. These investments are under consideration in the council on ethics, which is appointed by the Ministry of finance.

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