The Power Behind the Pipeline

[Judi Lynn]

The Power Behind the Pipeline
October 13, 2016
by Krystal Two Bulls - Red Warrior Camp - Scott Parkin - Patrick Young

The “Dakota Access” Pipeline (DAPL) is a $3.8 billion, 1,100 mile fracked-oil pipeline that is currently under construction running from the Bakken shale fields of North Dakota to Peoria, Illinois. DAPL is slated to cross Lakota Treaty Territory at the Standing Rock Sioux Reservation where it would be laid underneath the Missouri River, the longest river on the continent.

Construction of the DAPL would impact many sites that are sacred to the Standing Rock Sioux and numerous other indigenous nations. DAPL would also, engender a renewed fracking-frenzy in the Bakken shale region, as well as endanger a source of fresh water for the Standing Rock Sioux and 8 million people living downstream.

This massive infrastructure project is being built and financed by a complex network of dozens of shady oil companies and banks with presences all over the world. Research into the pipeline’s ownership shows us that virtually every major bank in the world is financially connected to the companies involved in the project and numerous oil and gas companies will have ownership interests in the project. But who is driving the construction of the pipeline, and more importantly who has the power to stop the Dakota Access Pipeline?

The Ownership Interest

The Dakota Access Pipeline project is owned by a convoluted network of oil and pipeline companies, joint ventures, and holding companies. Dallas-based Energy Transfer Partners and its wholly-owned subsidiary Sunoco Logistics (ETP/SLX) currently own 38.25% of the pipeline; MarEn Bakken Company LLC, a joint venture between Enbridge Energy Partners and Marathon Petroleum Company owns 36.75% of the pipeline (ultimately Enbridge and Marathon hold 27.6% and 9.1% ownership interests in the pipeline); and a subsidiary of Phillips 66 owns the remaining 25% of the project.

More:
http://www.counterpunch.org/2016/10/13/the-power-behind-the-pipeline/

[misterhighwasted]

1. Oh Great!. Sooo who is their friend in this election? Useless Protest Vote? No Vote?

They need to clarify this.
If Trump should become our President, they do realize that they will NEVER EVER have a say again nor the opportunity to negotiate for compromise NOR the right to gather in protest as they do today.

Donald Trump has his own investments in DAPL.
How far do they think they'll get against Trump .

Democrats INDEED ARE THE ONLY FRIENDS THEY HAVE.
I'd like to see them reconsider this statement. Who do they suggest we vote for that will not be a protest vote worth nothing in the end?
Who do they suggest because they will get either Trump or Clinton.
???
Here's a snip from their broad brushed statement.
Who do they suggest we vote for in 2016, since they are damning the very Party that they have a chance to move their agenda forward.
Who?

*The Democratic Party is not our friend.
Despite green groups like the Sierra Club and the Natural Resources Defense Center praising President Obama as a “climate hero” and framing their strategies in 2016 around preserving his “climate legacy,” the industry friendly policies on both the Dakota Access Pipeline and numerous other fossil fuel infrastructure projects remain decidedly unfriendly to the climate and communities impacted by them.
Obama’s “All Of The Above” energy policy coupled with the FBI surveilling organizers, but refusing to investigate private security firms run amok are a long existing systemic pro-energy industry bias within his administration.
The Democrats are not our friends. Whether it is the Obama Administration or the upcoming Clinton Administration.


Go ahead and shoot yourselves in the foot while standing on principle. Its their sad call.