Democrats against the Keystone Pipeline have Investments in Competing Companies

Democrats who oppose the Keystone XL pipeline have thousands of dollars invested in direct competitors to the company looking to build the pipeline, public records show. 

A recent environmental assessment by the State Department was seen as a step toward the pipeline’s approval, but Sen. Tim Kaine (D., Va.) remains opposed to its construction.

“In my view, there is now enough evidence to conclude that construction of this pipeline is not in America’s long-term interest,” Kaine said in a statement on the review. 

The freshman Democrat has between $15,000 and $50,000 invested in Kinder Morgan Energy Partners, according to his most recent financial disclosure. Kinder Morgan is looking to build a pipeline that would directly compete with Keystone. 

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Another anti-Keystone Democrat, California Rep. Alan Lowenthal, has between $15,000 and $50,000 invested in Enbridge Energy Management, $1,000 to $15,000 in Kinder Morgan Energy Partners, and $15,000 to $50,000 in Kinder Morgan Management, which is a limited partner in and handles everyday management for the company’s Energy Partners subsidiary. 

Lowenthal has been less outspoken then Kaine on Keystone, but he voted against legislation last year that would have approved the pipeline without sign-off from the administration, which has repeatedly put off a decision on the project.

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