Susan Rice to sell $2.7M stake in oil pipeline company after project upheld

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President Biden’s adviser Susan Rice is being ordered to sell a $2.7 million stake in the oil pipeline company Enbridge — after the Biden administration decided to allow the firm’s Line 3 pipeline project.

The Office of Government Ethics ordered Rice to divest from the company on July 9, according to filings first reported by The Daily Poster.

Although Biden has broadly taken action against oil pipelines, most notably canceling the Keystone XL oil pipeline, his administration has continued to allow the Line 3 project, which would bring Canadian oil through Minnesota to Wisconsin.

Environmental activists oppose the Line 3 project, but the cause has received far less national attention than other pipelines.

Last month, Biden administration officials indicated they would not withdraw permission for Line 3 in a major boon for the company.

The Office of Government Ethics also ordered Rice, who is director of the Domestic Policy Council, as well as her husband and family trust to divest from smaller holdings that may present a conflict of interest.

Enbridge's Line 3 project is set to bring Canadian oil through Minnesota to Wisconsin.
Enbridge’s Line 3 project is set to bring Canadian oil through Minnesota to Wisconsin.
AP/John Flesher

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