The Beginning is Near: The Deep North, Evictions and Pipeline Deadlines – NIC

“The Institute for Energy Economics and Financial Analysis with Sightline Institute just released a new report on the shaky finances of the Dakota Access Pipeline. The report, “The High-Risk Financing Behind the Dakota Access Pipeline: A Stranded Asset in the Making in the Bakken Region of North Dakota,” delves into “the project’s financial weaknesses, and the fact the pipeline may represent a substantial overbuilding of the Bakken’s oil-transport infrastructure.” The report notes that the pipeline’s principal backer, Energy Transfer Partners (ETP), has conceded in court proceedings that it is contractually obligated to complete the project by January 1. ETP will most likely miss this deadline, if for no other reason than lack of clearance. The company recently informed investors that it would take from 90 to 120 days to complete the pipeline after it receives an easement from the Army Corps of Engineers to cross the Missouri River. The Corps has yet to give that permission and last week recommended further study on the question.”

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