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More Facebook posts are claiming that House Speaker Nancy Pelosi sought to profit from advance knowledge of policy changes under President Joe Biden. One such post says, "Pelosi bought 1.5m in foreign oil stock day before shut down of American line." The post was flagged as part of Facebook’s efforts to combat false news and misinformation on its News Feed. (Read more about our partnership with Facebook .) We found no evidence to back the claim. Pelosi’s most recent government disclosure form for stocks does not include any oil company stock purchases. No media outlet has reported on such a transaction, and her staff said the claim is false. The post’s reference to the "shut down of American line" likely means Biden’s Jan. 20 executive order that revoked construction permits for the Keystone XL pipeline, designed to carry crude oil from Canada to the Gulf Coast. Biden’s opposition to the project was well-known long before his order, so the executive order was not a surprise. Biden was vice president in the Obama administration, which rejected a permit for the pipeline on environmental grounds. His campaign affirmed his opposition in May 2020, when he was the presumptive Democratic nominee for […]
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