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When President Obama Denied the Application to Build the Keystone

question 44

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When President Obama denied the application to build the Keystone Pipeline XL in 2015, considered a strong stance against climate change, the Sierra Club issued a press release claiming credit for its efforts to help defeat the pipeline. This is an example of an interest group attempting to ________ its members.


Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock on the open market.

Stock Dividend

The payment of additional shares to shareholders instead of cash, usually at a fixed rate, often used by companies to conserve cash.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

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