Kelly Armstrong, the likely next governor of North Dakota, has significant financial ties to the oil and gas industry, raising concerns about conflicts of interest in energy regulation.
As governor, Armstrong would automatically chair key state bodies regulating the energy sector, enabling him to directly influence policies affecting his financial interests.
Armstrong's income heavily derives from the oil industry, including substantial royalty payments from Hess Corp., a company frequently discussed by regulatory bodies he may lead.
Critics argue the North Dakota Industrial Commission has been overly supportive of corporate interests, a situation that may be exacerbated if Armstrong assumes office.
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