White House adviser Susan Rice divests from company building Midwest pipeline

White House adviser Susan Rice has divested herself of millions of dollars' worth of holdings in a company that's leading a contentious pipeline project.

The director of President Joe Biden's Domestic Policy Council, Susan Rice, has divested herself of millions of dollars' worth of holdings in a company that's leading a contentious pipeline project supported by the Biden administration. According to newly released financial disclosure reports and a White House official, Rice has liquidated nearly $2.7 million worth of shares she and her husband owned in Enbridge, a Canadian company building the Line 3 pipeline, which would carry hundreds of thousands of barrels of Canadian oil through Minnesota and Wisconsin. Last month, the Biden administration gave a public boost to the Trump-era pipeline project, calling for the dismissal of a court challenge brought by environmental groups seeking to protect Minnesota watershed and tribal lands from the pipeline. The Enbridge stock sale is part of a series of large divestments that Rice, one of the wealthiest members of the Biden White House, has recently made or is planning to make in the coming days. Divesting is a common measure that newly appointed public officials take to ensure that their government duties don't overlap with their personal interests.