Hypocrisy? Congressman Raul Grijalva’s family owns stock in Enbridge, the company building the Dakota Access Pipeline
US Congressman Raul Grijalva was an early opponent of the Keystone Pipeline.
However, it appears that his family was trying to profit off of this opposition by purchasing stock in a competitor’s pipeline; Enbridge Energy Partners.
This week Raul Grijalva headed up to Standing Rock to protest the Dakota Pipeline…
… or was he going to check on his investment; Raul’s family owns stock in the very company building this pipeline, Enbridge Energy Partners!
Over two years ago, Three Sonorans noted the following:
However, Grijalva may have faced his own financial conflict even as he warned of the potentially compromised positions of those supporting the case for the pipeline’s construction.
According to disclosure forms filed last year, Grijalva’s wife bought between $1,000 and $15,000 in stock in a major Canadian oil pipeline company just months before the congressman penned his letter to Obama. The company, Enbridge Energy Partners, is Canada’s largest transporter of crude oil and is a direct competitor to TransCanada.
Bloomberg News then informs us this summer of who Enbridge Energy Partners is:
Enbridge Inc. and Marathon Petroleum Corp. agreed to pay $2 billion for a minority stake in the Bakken Pipeline system, securing a way to transport crude from North Dakota to the eastern Gulf Coast sooner than planned.
The Bakken system includes the Dakota Access Pipeline and Energy Transfer Crude Oil Pipeline. Dakota Access will run 1,172 miles (1,886 kilometers) from western North Dakota to Patoka, Illinois, and the Energy Transfer line 744 miles from Patoka to Nederland, Texas.
The Bakken line purchase will allow Enbridge to extend the reach of its existing liquids pipeline system for customers, by establishing joint tolls and a new path to the eastern Gulf Coast through its existing system, “a strategic priority,” the company said. It follows the startup of Enbridge’s Southern Access Extension, which was in service as of January, linking the company’s mainline terminals near Chicago to the storage hub in Patoka, Illinois.
The Dakota Access Pipeline will connect the Bakken and Three Forks production areas in North Dakota to existing pipelines in Illinois. The pipeline will enable 100 percent domestically produced light sweet crude oil from North Dakota to reach major refining markets in a more direct, cost-effective, safer and responsible manner. The pipeline will also reduce the current use of rail and truck transportation to move Bakken crude oil to major U.S. markets to support American energy needs.
Congressmember Grijalva has mastered the art of profiting off of politics. His opposition to Keystone may have seemed noble, but his family then invests in its competitor. That competitor is the company building the pipeline on sacred Native lands in North Dakota. He shows up and people think he is on their side, but he could have just been making sure his investment was okay since he owns stock in the company that is continuing the modern day oppression against Native Americans.
God bless capitalism. God bless America. Don’t let Natives get in the way of Manifest Destiny.
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