Energy Transfer Says No to Slowing Construction of Dakota Access Pipeline

Despite a statement released by the U.S. Army Corps of Engineers that said otherwise, Energy Transfer Partners stated on Tuesday that it does not plan to slow construction on its Dakota Access pipeline.

A statement released on Monday by the Army Corps stated that the pipeline company had agreed to slow construction on the pipeline, but Energy Transfer said this statement is false and that the Corps intends to rescind it.

Although asked to voluntarily halt construction on the Dakota Access pipeline, Energy Transfer decided to continue on where it could, bringing construction equipment to the last stretch of the pipeline route under Lake Oahe even though federal regulators have not yet given easements for the land.

The pipeline company’s decision not to slow construction comes amid pressure from many financing sources who have considered pulling their support. Citigroup, Inc. and Norwegian bank DNB, both who help finance the pipeline, said they would reconsider their participation and urged Energy Transfer to reach out to the Native Americans' concerns.

Energy Transfer said it is confident that the Army Corps will grant the easement for the last stretch of construction and expects no delays in its plan to drill underneath Lake Oahe.

Source:
Reuters