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 […]

November 16, 2016 Read More →

More News and Commentary

IEEFA Update: Something in the Wind

U.S. Nuclear Industry Reconsiders Expansion; Utility Exec Sees Less Risk in Turbine Farm Than Coal; Keystone XL Doesn’t Pencil Out Anymore

It’s de rigueur anymore for energy companies across the board to play up their clean-energy commitments—actual or just advertised—but executives at American Electric Power put some of their money where their mouths were in announcing intentions last week to invest $4.5 billion in the new Wind Catcher farm in Oklahoma. AEP’s logic is rooted in […]

August 4, 2017 Read More →

Economics May Kill Long-Delayed Keystone XL Pipeline

Associated Press: The proposed Keystone XL pipeline survived nine years of protests, lawsuits and political wrangling that saw the Obama administration reject it and President Donald Trump revive it, but now the project faces the possibility of death by economics. Low oil prices and the high cost of extracting Canadian crude from oil sands are […]

August 4, 2017 Read More →

On the Blogs: Setbacks for Pipeline Developer ETP on Numerous Projects

Motley Fool: Energy Transfer Partners’ (NYSE:ETP) has had its share of difficulties over the past year. The headliner was the problems it faced in building the Dakota Access Pipeline, which endured several months of setbacks due to protests that caused a delay in getting a key permit. While that project finally entered service last month, […]

July 27, 2017 Read More →

Court Order Puts Dakota Access Pipeline Back on Hold

Reuters: A federal judge ordered the U.S. Army Corps of Engineers to reconsider its environmental review of the Dakota Access Pipeline on Wednesday, opening up the possibility that the line could be shut at a later date. U.S. District Judge James Boasberg in Washington said the Army Corps did not adequately consider the effects of […]

June 15, 2017 Read More →

Keystone Backers ‘Reassess’ Market for Pipeline

Associated Press: TransCanada Corp. is reassessing whether oil producers in North Dakota and Montana are still interested in shipping crude through its long-delayed Keystone XL pipeline. The Calgary-based company’s announcement this month comes with the Keystone XL still needing approval of its proposed route through Nebraska and with the Dakota Access, which was designed to […]

May 16, 2017 Read More →

For U.S. Pipeline Companies, Finance Risk in Public Opposition

Associated Press: Opposition to the Dakota Access oil pipeline has persuaded some banks to stop supporting projects that might harm the environment or tread on indigenous rights, but calling the divest movement a success might be a stretch. It doesn’t appear to be hurting the ability of energy companies to get financing and it doesn’t […]

May 15, 2017 Read More →

Keystone Exec See Less Demand for Long-Delayed Project

SNL: Even with the presidential permit he worked almost eight years to secure in hand, TransCanada Corp. CEO Russ Girling said his company’s Keystone XL pipeline still has to clear a number of hurdles before it becomes a reality. Routing the line through Nebraska and renewing shipper support are just two potential pitfalls for the […]

May 8, 2017 Read More →

On the Blogs: Pipeline Opponents Find Common Cause in Property Rights

Ozy.com: Property rights, rather than environmental ones, are increasingly forming the brunt of arguments against pipelines — and not just in Georgia and South Carolina, which have recently passed laws backing landowners. Just three days before the crucial New Hampshire presidential primary last year, the Union Leader reported that 627 of 836 property owners in the Granite […]

May 2, 2017 Read More →

BNP Paribas, Joining ING and DNB, Is Third Bank to Bail on Dakota Access Pipeline

TelesurTV: BNP Paribas announced Wednesday that it had sold its US$120 million share in the joint US$2.5-billion Dakota Access Pipeline loan, becoming the third bank of the 17 involved to cut ties to the oil project amid a major divestment campaign by Native Americans and activists that was pushed for after the revival of the […]

April 6, 2017 Read More →

Dakota Access Campaign Seen as a Model for Pipeline Resistance Nationally

Associated Press: The tactics used in North Dakota – resistance camps, prominent use of social media, online fundraising – are now being used against several projects. They include the Sabal Trail pipeline that will move natural gas from Alabama to Florida; the Trans-Pecos natural gas pipeline in Texas; the Diamond pipeline that will carry oil […]

April 3, 2017 Read More →