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

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

According to a filing first reported by Fox Business, the Office of Government Ethics ordered Rice to separate from the company on July 9.

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

Environmental activists oppose the Line 3 project, but the cause has received little national attention compared to other pipelines.

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

The Office of Government Ethics also ordered Rice, who is the director of the Household Policy Council, as well as her husband and family trusts, to separate from small holdings that could present conflicts of interest.

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

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