MONEY TRAIL EXPOSED: The Dakota Access Pipeline Is A Corrupt Monstrosity And Must Be Stopped » Page 2 of 2. In a 2014 presentation delivered to officials in Iowa, one of the four states the pipeline will run through, the company claimed the pipeline would “Increase America’s Energy Independence. 100% Domestic produced crude supports 100% domestic consumption.” There is zero wiggle-room within that statement. The company promised that all of its product would be piped to domestic US markets when it convinced officials to allow the pipeline.
Yet, in a bizarrely fortuitous coincidence, in December, 2015, Congress lifted a ban on the export of crude oil that had been in place for over 40 years. The Intercept‘s Lee Fang reported that the company now refuses to defend its initial “100% domestic consumption” promise. “We will not own the oil that is transported through the pipeline. The bill that changed ETP from a champion of domestic consumption to a darling of foreign banks with no responsibility whatsoever to where the crude is going was H.R. 2029. ETP: MONEY TRAIL. FWP. ETP Hedge Fund and Asset Management Owners - Whalewisdom. Energy Transfer: definitive agreements w/ investors in connection with a private placement, or PIPE, financing transaction. --(BUSINESS WIRE)--Jan. 9, 2017-- (NYSE: ETE) today announced that it has entered into definitive agreements with certain accredited investors in connection with a private placement, or PIPE, financing transaction pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
Upon the closing of the transaction, ETE will receive gross proceeds of approximately in exchange for the issuance to such investors of 32,222,225 common units representing limited partner interests in ETE. The closing of the transaction, which is subject to customary closing conditions, is scheduled to occur on , unless otherwise agreed to by the parties. and J.P. Morgan are acting as lead placement agents for the ETE private placement. ETE intends to use the net proceeds of the PIPE transaction to purchase approximately 15.8 million newly issued common units representing limited partner interests in (NYSE: ETP) pursuant to a purchase agreement dated . Forward-Looking Statements Source: Energy Transfer: FUNDING FROM CAYMAN ISLANDS. 10.15 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).
EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 10.16 USA PATRIOT Act Notice. 10.17 Time of the Essence. 10.18 No Recourse. 10.19 Separateness. By: LE GP, LLC, its general partner By: /s/ John W.
John W. By: Title: Who's Banking on the Dakota Access Pipeline? | Food & Water Watch. Banks financing DAPL refuse to meet with Tribal leaders. Morgan Stanley boosts stake in Enbridge. Morgan Stanley boosted its stake in Enbridge Energy, L.P. (NYSE:EEP) by 35.4% during the third quarter, Holdings Channel reports. The fund owned 5,898,845 shares of the company’s stock after buying an additional 1,543,383 shares during the period. Morgan Stanley’s holdings in Enbridge Energy, L.P. were worth $150,008,000 at the end of the most recent quarter. A number of other large investors have also recently added to or reduced their stakes in EEP.
Enbridge Energy, L.P. This article was originally published by and is the sole property of Zolmax. Enbridge Energy, L.P. COPYRIGHT VIOLATION WARNING: This article was originally posted by Zolmax and is the sole property of of Zolmax. A number of brokerages have weighed in on EEP. About Enbridge Energy, L.P.
Want to see what other hedge funds are holding EEP? Receive News & Ratings for Enbridge Energy L.P. Canadian banks are helping bankroll the Dakota Access Pipeline. If you ever doubt the power the Big Banks have over shaping climate change policy and practice, consider this: $3.75 billion of the $3.8 billion it will cost to build the Dakota Access pipeline is on credit. According to a report from Food and Water Watch, an American consumer rights watchdog, at least three Canadian banks -- Scotiabank, TD and RBC -- are helping to bankroll the 1,800 km pipeline that travels directly through the traditional and treatied territories of the Standing Rock Sioux.
TD Securities is directly financing $365 million toward the construction of the DAPL and, additionally, the oil and gas infrastructure projects of one of the pipeline's joint owners, Dallas-based Energy Transfer Partners. RBC and Scotiabank are providing $341 million and $100 million respectively toward Energy Transfer Partners and Sunoco Logistics, another joint owner of the DAPL. It's not just Canada's Big Banks that have gotten involved at Standing Rock. Like this article? Dakota Access pipeline company and Donald Trump have close financial ties | US news. Donald Trump’s close financial ties to Energy Transfer Partners, operators of the controversial Dakota Access oil pipeline, have been laid bare, with the presidential candidate invested in the company and receiving more than $100,000 in campaign contributions from its chief executive. Trump’s financial disclosure forms show the Republican nominee has between $500,000 and $1m invested in Energy Transfer Partners, with a further $500,000 to $1m holding in Phillips 66, which will have a 25% stake in the Dakota Access project once completed.
The information was disclosed in Trump’s monthly filings to the Federal Election Commission, which requires candidates to disclose their campaign finance information on a regular basis. The financial relationship runs both ways. On 29 June, Warren made $3,000 in donations to Trump’s presidential campaign. Trump is therefore indirectly linked to Dakota Access, a $3.8bn pipeline development that will funnel oil from North Dakota to Illinois. Largest bank in Norway pulls its assets in Dakota Access pipeline. WASHINGTON, DC - A press release from Greenpeace Thursday says the largest bank in Norway, DNB, sold its assets in the Dakota Access pipeline.
They say this news follows the delivery of 120,000 signatures gathered by SumOfUs.org to DNB by Greenpeace Norway and others urging the bank and other financial institutions to pull finances for the project Full press release from Greenpeace: November 17, 2016 Largest bank in Norway sells its assets in Dakota Access pipeline Washington, DC - The largest bank in Norway, DNB, has announced that it has sold its assets in the Dakota Access pipeline. The news follows the delivery of 120,000 signatures gathered by SumOfUs.org to DNB by Greenpeace Norway and others urging the bank and other financial institutions to pull finances for the project. Energy Transfer, Phillips 66 partner on Iowa pipeline - News - The Ames Tribune - Ames, IA. Houston-based energy giant Phillips 66 has become a joint venture partner with Energy Transfer of Dallas on its estimated $3.7 billion project to build a crude oil pipeline from North Dakota's Bakken and Three Forks shales to a hub in Patoka, Ill., that would cut across 18 Iowa counties including Story County.
In a press release Tuesday, the two companies announced that Phillips 66 now owns a 25 percent stake in the Dakota Access Pipeline project that will affect Iowa as well as a second project called the Energy Transfer Crude Oil Pipeline. Both pipelines are expected to be operational by the fourth quarter of 2016, the companies said. The latter pipeline already exists, running from Patoka south to storage terminals owned by Philadelphia-based Sunoco Logistics Partners and Phillips 66 in Nederland, Texas, but is being converted to transport crude oil instead of natural gas. According to the press release, Energy Transfer will also operate both pipeline once they are in service. Sunoco LP : to Participate in Wells Fargo Conference | 4-Traders.
DALLAS, Dec. 6, 2016 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") announced that its senior management will hold 1x1 meetings with institutional investors today at the 15(th) Annual Wells Fargo Pipeline, MLP and Utility Symposium in New York City. Presentation materials to be used during these meetings are available on the company's website at www.sunocolp.com in the Investor Relations section under Events & Presentations.
About Sunoco LPSunoco LP (NYSE: SUN) is a master limited partnership that operates approximately 1,345 retail fuel sites and convenience stores (including APlus, Stripes, Aloha Island Mart and Tigermarket brands) and distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors located in more than 30 states at approximately 6,900 sites.
Our parent -- Energy Transfer Equity, L.P. Contacts Investors: Media: SOURCE Sunoco LP. Energy Transfer Partners Summary. Spending by Cycle Party Split by Cycle 2016 PAC Summary Data 2016 PAC Contribution Data Official PAC Name:ENERGY TRANSFER EMPLOYEE MANAGEMENT COMPANY PAC (ENERGY TRANSFER PAC) Location: AUSTIN, TX 78701 Industry: Oil & Gas; Natural Gas transmission & distribution Treasurer: RUCKEL, KENDALL G FEC Committee ID: C00438754 (Look up actual documents filed at the FEC) *Based on data released by the FEC on November 02, 2016 except for independent expenditure and communication cost, contributions to federal candidates, and contributions from individual donor data, which were released by the FEC on December 09, 2016. Feel free to distribute or cite this material, but please credit the Center for Responsive Politics. For permission to reprint for commercial uses, such as textbooks, contact the Center: info@crp.org. Faced With Massive Opposition to Dakota Access, Banks Could Still Pull Out by Bill McKibben.
Most Americans live far from the path of the Dakota Access pipeline—they won’t be able to visit the encampments on the Standing Rock Sioux reservation where representatives of more than 200 tribes have come together in the most dramatic show of force of this environmental moment. They won’t be able to participate in the daily nonviolent battle along the Missouri River against a $3.7 billion infrastructure project that threatens precious water and myriad sacred sites, not to mention the planet’s unraveling climate. But most of us live near a bank. Virtually every name in the financial pantheon has extended credit in some form to the Dakota pipeline project.
Maybe there’s a Citibank branch in your neighborhood. Or Wells Fargo or Bank of America or HSBC. Maybe you even keep your money in one—if so, you inadvertently helped pay for the guard dogs that attacked Native Americans as they tried to keep bulldozers from mowing down ancestral grave sites. Perhaps you bank overseas. Shift the Subsidies: Tracking the Flow of Public Money to the Fossil Fuel Industry. Standing Rock activists eye pipeline finances to cement Dakota Access win | US news.
Indigenous activists are focussing on the Dakota Access pipeline’s finances before Donald Trump takes office in an effort to further strain the oil corporation and cause continuing delays that they hope could be disastrous for the project. After the Obama administration denied the company a key permit to finish construction, Native American activists warned that the win was only temporary and that Trump, an investor in the pipeline corporation, would seek to quickly advance the project next year.
Some indigenous advocates and environmental groups have focused their efforts to hurt the pipeline company’s profits on an approaching 1 January deadline that the operator, Energy Transfer Partners (ETP), cited in court records. The firm wrote in a filing this year that the pipeline “committed to complete, test and have DAPL in service” by the start of 2017. And if the company did not meet its contract deadline, then its shipping partners had a “right to terminate their commitments”.
North Dakota's Top Oil Lobbyist Says He Feels Marginalized and Silenced by #NoDAPL - Blogtown - Portland Mercury. How One Organization Unravels Some of the Mystery of Campaign Finance. Following the money in state politics can be overwhelming at best, and impossible at worst. Fortunately, political reporters, academics and citizens don’t have to start from scratch. Instead, they can search and click their way through 54 million campaign finance records meticulously gathered and filed by Edwin Bender and his team at the National Institute on Money in State Politics.
NIMSP began nearly 25 years ago as a MacArthur-funded one-year project focused on the Northwest states. In that first year, a two-person staff digitized reams of campaign finance reports, which they distributed to reporters via fax and disk. Six years and multiple project extensions later, Bender says they looked at the blossoming Internet and “understood that we had the potential to be a national organization.”
I talked with Bender about the ever-expanding NIMSP, whose data is frequently cited in reporting by nationwide and local media, as well as by grassroots organizers and activists. Edwin Bender. Briefing: Dakota Access's Massive SubsidiesOil Change International. Oil Change International September 2016 The Dakota Access Pipeline has faced strong resistance from Native Americans, farmers, and ranchers along the proposed pipeline route. It’s also energized the broader climate movement and raised critical questions of protecting clean water, respecting native sovereignty, and rethinking eminent domain for private gain.
This briefing brings to light another egregious aspect of the whole affair – the fact that U.S. taxpayers and ratepayers are heavily subsidizing the primary owners of the Dakota Access Pipeline project, to the tune of hundreds of millions of dollars each year. The briefing identifies how through their corporate structures as Master Limited Partnerships, key Dakota Access owners Energy Transfer Partners and Enbridge Energy Partners collectively avoided paying over $650 million in taxes in 2015. Download the briefing here. Standing Rock activists eye pipeline finances to cement Dakota Access win | US news. A Strategy to Stop the Funding Behind the Dakota Access Pipeline by Bill McKibben. Three Massive Mergers—Millions for One Bank and a Disaster for Food, Water, and Climate by Wenonah Hauter.
You probably learned in high school that monopolies are bad for consumers; they eliminate the field of competition in the marketplace, leaving people with fewer options and higher prices. Mega-mergers in the food and energy markets are allowing a handful of corporations to dominate market sectors. Their market dominance means that when it comes to influencing public policy, politically powerful companies call the shots. As Elizabeth Warren said in a speech recently, competition is dying—and the accompanying consolidation in sector after sector is a threat to our democracy. Mega-mergers in the food and energy markets are allowing a handful of corporations to dominate market sectors. Beyond the corporate quest for market dominance, there is another reason these mergers keep coming at everyone else’s expense: the deals make big money for the powerful banks that wield enormous power over our democracy.
Here are the three most valuable mergers happening this year: U.S. Trump Invested $1 Mil In Controversial Dakota Pipeline. OpenSecrets. Donor Lookup: Find Individual and Soft Money Contributors. Largest bank in Norway pulls its assets in Dakota Access pipeline. Vancouver TD Bank Occupied to Protest Ties with Dakota Access Pipeline. Long-Buried IG Report on BLM Reveals Gifts from Oil & Gas Industry, Other Violations. Report Provides New Insights on Impact of Resource Extraction on Taxpayers/Communities.
Briefing: Dakota Access's Massive SubsidiesOil Change International. Dakota Access protesters tap into pipeline of cash with $11M haul on crowdfunding sites. Dakota Access Owners Got $665 Million Govt Subsidy in 2015. Protests are Working! -- Major Bank Considers Pulling Funds from DAPL if Violations Continue. Dakota Access says they never offered Standing Rock Sioux Tribe money for Dakota Access Pipeline. Dakota Rural Action » Dakota Access Pipeline. Heidi Heitkamp (D-ND), 2014. Heidi Heitkamp (D-ND), 2014. United States Senate Financial Disclosures Annual Report for Calendar 2015 Heidi Heitkamp. Kevin Cramer. MDU RESOURCES GROUP. John Hoeven: Grow the Greed. Heitkamp: Bought & Paid For? AMERICAN LAND TITLE ASSN. Daniel Companies: Home. Whiting Petroleum Corp $1500 to Jack Dalrymple in 2011, 2012. Search. Shift the Subsidies - Oil Change International.
Briefing: Dakota Access's Massive SubsidiesOil Change International. Motor Fuel Tax Tribal Agreements. CLAIM FOR MOTOR VEHICLE FUEL TAX REFUND BY NATIVE AMERICAN TRIBAL AGENCY 2016. Tribes, North Dakota fail to reach deal on oil tax agreement. Laborers union applauds Dakota Access pipeline ruling. GoFundMe NoDAPL Search. Investor Relations - SEC Filings. Uncovered Emails Raise Suspicions of Oil Company Paying Police for DAPL Crackdown. Delays in Dakota Pipeline Could Mean Trump—Who Stands to Gain Financially from Construction—Gets to Decide.