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Pipeline denial murky for industry

Monday, December 05, 2016 - 00:55

The U.S. Army's denial of an easement to complete construction of a pipeline runnning from the Dakotas to Illinois tempers optimism about future pipelines. Jeanne Yurman reports.

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A win for protesters but a blow to the company behind the contested pipeline in North Dakota. Shares of Energy Transfer Partners fell more than three percent Monday after the Army Corp of Engineers denied an easement that would have let it to drill under a damned section of the Missouri River and complete construction of its Dakota Access Pipeline. In a press release, the company said the agency's ruling was a political decision by the Administration it said that they "...fully expect to complete construction of the pipeline without any additional rerouting." Analysts say the Army Corp.'s denial coupled with state and local governments' efforts to block pipeline construction paints a murky picture for the future of U.S. pipelines. This, despite optimism pipeline companies have assumed with Trump in the White House.

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Pipeline denial murky for industry

Monday, December 05, 2016 - 00:55