Foreign Affairs, perhaps the most influential journal of international relations in the world, recently published an article arguing that the Obama administration has spoiled its relationship with Canada.
The number one reason? Obama’s decision to delay permissions enabling TransCanada Corp to build an oil pipeline from Alberta through the heart of the U.S. to refineries in Texas.
The article’s authors, Derek Burney and Fen Osler Hampson, rail against Obama’s decision, citing economic short-sightedness and decrying the president for “cav[ing] to environmental activists.”
But there may be more at play here than pure concern for U.S.-Canada relations.
Burney serves on the board of TransCanada, where his current and deferred stock holdings are worth an estimated $1.7 million. In 2008, he earned $194,000 in fees and retainer just for sitting on the board.
Read the rest of the article at TakePart.