Biden Boosted a Pipeline; His Aide May Get Richer

Federal ethics regulators have ordered Joe Biden’s top domestic policy adviser, Susan Rice, to divest her multimillion-dollar holdings in a fossil fuel giant weeks after the Biden administration boosted the company’s controversial pipeline, according to government documents we obtained.

The pipeline decision — backing a Trump administration policy over the objections of environmental groups — came as the company’s stock price has skyrocketed. That has created a potential financial jackpot for Rice, who, as Domestic Policy Council chief, will now be able to delay capital gains taxes on any windfall made off her sale of thousands of shares of Enbridge.

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