Trump declares support for Dakota Access Pipeline ahead of evacuation order against protesters
US President-elect Donald Trump expressed his support for the completion of the Dakota Access Pipeline (DAPL) ahead of an evacuation order, due to go into effect on Monday, against thousands of people protesting the oil pipeline project.
Trump’s transition team released a statement reaffirming his support for the $3.8 billion project and claiming that this position is not related to his personal investment of $500,000 in Energy Partners, the Texas-based company that is leading the project. In his speech in Cincinnati on Tuesday, Trump pledged to “eliminate every single wasteful regulation” and remove all “restrictions on the production of shale energy, oil, natural gas and clean coal.”
The Dakota Access Pipeline is a 1,172-mile underground pipeline under construction that would connect the Bakken oil fields in North Dakota to southern Illinois, passing through the states of South Dakota and Iowa. It would also pass through North American tribal lands, including the Standing Rock Indian Reservation of Sioux tribes that includes parts of North and South Dakota.
The pipeline has been financed by a consortium of 17 banks, including Citibank, Wells Fargo, Royal Bank of Scotland, BNP Paribas and Société Générale. Additional capital is due to be raised from the partial sale of Energy Partners to a joint venture of Marathon Petroleum and Enbridge. The latter company was responsible for an 800,000-gallon oil spill in Michigan in 2010.
http://www.wsws.org/en/articles/2016/12/03/dako-d03.html
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