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

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 →

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 […]

March 22, 2017 Read More →

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 […]

March 17, 2017 Read More →

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 […]

March 16, 2017 Read More →

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 […]

March 2, 2017 Read More →