FOR IMMEDIATE RELEASE April 12, 2018 US Bank Raises $2 Billion in Oil and Gas Pipeline Finance Since Pledge to Stop Pipeline Financing Since revising its environmental policy last year, US Bank financed more than $2 billion to companies building oil and gas pipelines, including an estimated $480 million to Energy Transfer Partners, new analysis … Read More
Pipeline delays will cost ETP $750M this year
Energy Transfer Partners (ETP) just made a remarkable confession that vindicates investors who abandoned the company over its shameful behavior at Standing Rock. During its quarterly earnings call with analysts last week, ETP announced that spending for 2018 would increase to $4.5 billion — $1.5 billion more than its estimate just three months prior. When … Read More
NC Fails Residents by Approving Atlantic Coast Pipeline Permit
“The additional ‘restrictions’ placed are woefully inadequate. The DEQ mandates the use of ‘Horizontal Directional Drilling’ to protect the Neuse River – yet this same drilling technique is so dangerous that it’s resulted in state and federal regulators shutting down construction of two major natural gas pipelines just this month.”
RELEASE: Organizations Issue Demands to FERC in Wake of Rover Accidents
Community activists and organizations sent a letter to the Federal Energy Regulatory Commission (FERC) today, signed by 118 groups, demanding the agency halt all construction of the Rover gas pipeline, and to embark upon an extensive review of its approval policies.