From Mother Jones · Nicholas Kusnetz · · 2m
Oklahoma Senator's Stock Profit from Pipeline Bill
Oklahoma senator Alan Armstrong stands to profit from permitting bill he's pushing.
In brief
Oklahoma senator Alan Armstrong stands to profit from permitting bill he's pushing. Oklahoma senator Alan Armstrong holds $200 million in Williams stock as he pushes a permitting bill that could fast-track pipeline projects. Originally reported by Mother Jones.
Oklahoma Senator's Entry
Alan Armstrong entered U.S. Senate in March 2026 to fill a vacancy with a focus on permitting reform.
Permitting Bill Goal
The bipartisan permitting bill aims to overhaul project approvals but includes provisions Armstrong promoted for pipeline projects.
Williams Stock Stake
Armstrong held over 2.7 million shares of Williams stock worth nearly $200 million as of March 5, 2026.
Williams Pipeline Projects
Williams has sought to build the Constitution pipeline through New York for over a decade, facing multiple permit denials.
State Permit Denial
New York denied water quality permits for Williams' Constitution pipeline in 2016, citing water quality impacts.
Bill's Water Quality Changes
The bill would limit states' ability to deny water quality permits and shift burden of proof to regulators.
Environmental Concerns
Environmental lawyers say the bill's water quality provisions target Williams and other pipeline projects in the Northeast.
Williams' Legal Moves
Williams is asking FERC to reinstate its original construction approval for the Constitution pipeline from over a decade ago.
Senator's Staff
Armstrong hired three former Williams colleagues, including a senior vice president as chief of staff.
Stock Sales
Armstrong sold between $5.5 million and $26 million worth of Williams stock and stock options since entering Senate.
Ethics Concerns
Senate ethics rules are lax, but Armstrong's role raises questions about financial conflicts of interest.
Bill's Impact
The bill would allow pipelines to bypass state water quality reviews, potentially speeding up approvals.
Environmental Response
Environmental groups argue the bill undermines water quality protections and benefits fossil fuel companies.
Bill's Next Steps
The bill faces its first vote next week, with Armstrong aiming to hold the seat until then.
Political Conflict
Armstrong faces criticism for financial ties to Williams while pushing for permitting reforms.
Bill's Outcome
The permitting bill could fast-track pipeline projects but faces environmental opposition and legal challenges.
The big picture
Oklahoma senator Alan Armstrong holds $200 million in Williams stock as he pushes a permitting bill that could fast-track pipeline projects.
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