Dakota Access Pipeline

IEEFA Research

IEEFA Analysis: The Economic Frailties and Rickety Finances Behind the Dakota Access Pipeline

IEEFA Analysis: The Economic Frailties and Rickety Finances Behind the Dakota Access Pipeline

Shippers Are in a Position Now to Renegotiate Contracts; Oil Prices Have Tanked Since Deals Were Signed; Long-Term Outlook for Project is Deeply Uncertain

Construction of the Dakota Access Pipeline has sparked considerable public controversy, bringing national attention to issues that include tribal sovereignty and risks to drinking water. Less publicized are the project’s financial weaknesses, and the fact the pipeline may represent a substantial overbuilding of the Bakken’s oil-transport infrastructure. The report that we released today in partnership […]

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More News and Commentary

Dutch Bank Divests From Dakota Access Pipeline

Oil and Gas Investor: Dutch bank ING Group said it has agreed to sell its $120 million share of the loan for the Dakota Access Pipeline, the first bank to offload its debt from the project, which faced fierce opposition from Native Americans and environmental groups. The announcement came one month after ING’s head of […]

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Reputational Risk to Dakota Access Pipeline Lenders

It has been a tough year for Wells Fargo: in the third quarter of 2016, it became apparent that since around 2011, its employees had opened up to 1.5 million deposit accounts and issued 500,000 credit card applications for unsuspecting clients, without getting customers’ authorisation. The scandal led to lawsuits, thousands of layoffs and US$190mn […]

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Reputational Risk to Dakota Access Pipeline Lenders

Global Trade Review: It has been a tough year for Wells Fargo: in the third quarter of 2016, it became apparent that since around 2011, its employees had opened up to 1.5 million deposit accounts and issued 500,000 credit card applications for unsuspecting clients, without getting customers’ authorisation. The scandal led to lawsuits, thousands of […]

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Press Release: $658 Billion Norwegian Investment House Cites Uncertainty in Pulling Out of Dakota Access Pipeline Project

Storebrands: Storebrand has made the decision to withdraw all investments from the controversial Dakota Access pipeline, including positions in the North American companies Marathon Petroleum Corporation, Enbridge Inc. and Phillips 66. “We have come to the conclusion that active ownership is not going to deliver a better outcome, and after an overall assessment of the […]

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The Redundant Dakota Access Pipeline

From ThinkProgress.com: Demonstrations against the controversial pipeline have earned the support of environmentalists, military veterans and more than 100 Native American tribes. As water protectors at Standing Rock faced down tear gas and rubber bullets, protestors took to the streets in dozens of cities across the country in a show of solidarity. Recently, Seattle, WA […]

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Dakota Access Pipeline Opponents Press Their Case in Courts

James MacPherson and Blake Nicholson for the Associated Press: The Cheyenne River Sioux on Thursday asked a federal judge to stop the work while a lawsuit filed earlier by the tribes proceeds. Attorney Nicole Ducheneaux said in court documents that the pipeline “will desecrate the waters” that the Cheyenne River Sioux rely on. Energy Transfer […]

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U.S. Pipeline Companies ‘Struggle to Contend’ With Populist Uprising

Christopher N. Mathews for the Wall Street Journal: Pipeline companies are bracing for a new round of volatile protests by environmentalists and other activists in the U.S., a sobering reality that is tempering the industry’s excitement over President Donald Trump’s moves to revive the Keystone XL and Dakota Access projects. Even as they cheer the […]

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‘Do We Need All These Pipelines? No’

Lynda V. Mapes and Hal Bernton for the Seattle Times: Trump’s embrace of pipelines is welcomed by the oil industry, particularly in Canada, where producers have been buffeted by weak markets, low prices and concerns about the climate risks of expanding production from massive oil-sands deposits. Behind the politics and pushback looms this question: Is […]

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On the Blogs: Oil and Construction Aren’t the Only Job Sectors

Chip Colwell for TheConversation.com: On his fourth day as U.S. president, Donald Trump penned executive orders to advance construction of the Dakota Access Pipeline Project pipeline and the Keystone XL pipeline. A week later, there were reports the new administration has ordered the Army Corps of Engineers to grant an easement that will allow completion […]

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Standing Rock Tribe Vows to Continue Opposition to Dakota Access Pipeline

From the Associated Press: Standing Rock Sioux Chairman Dave Archambault is renewing the tribe’s vow to go to court if an easement is granted to finish the Dakota Access pipeline. Archambault spoke after North Dakota Sen. John Hoeven said the acting secretary of the Army had directed the Army Corps to “proceed” with an easement […]

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