Rice holds stakes in firms that have done business in Iran

The flap over Rice’s investments began Wednesday over much larger stakes she and Cameron have in TransCanada, owner of the Keystone XL pipeline, and companies active in the development of Canadian oil sands. Early next year, the State Department is expected to rule on whether to allow the construction of the controversial pipeline, which is opposed by environmental groups.

Several of the companies in which Rice has invested have been cited by an organization called United Against Nuclear Iran, chaired by Mark Wallace, a deputy ambassador to the United Nations under President George W. Bush. The organization, which claims bipartisan support in pushing to isolate the Iranian regime, publishes a list of companies doing business in Iran.

The information about Rice’s investments in firms linked to Iran was first reported on the Web site of the Washington Free Beacon, a publication of the Center for American Freedom. The Web site says it is “dedicated to uncovering the stories that the professional left hopes will never see the light of day.”