Nordic investors reject Dakota pipeline operator’s allegations

30 Aug 2017   Pipelines, USA

 Nordic investors rejected on Tuesday allegations in a lawsuit by the operator of Dakota Access Pipeline (DAPL) that they divested from the project due to pressure from Greenpeace and other environmental groups. The $3.8 billion pipeline, the focus of months of protests by Native American and green groups over tribal sovereignty and the risk of water contamination, started pumping oil in May. The pipeline’s operator Energy Transfer Partners LP sued Greenpeace last week, saying the negative publicity against it, its sister company Energy Transfer Equity LP and other firms caused billions of dollars in damage. Nordic bank Nordea, Norwegian private pension fund Storebrand, Norway’s public sector pension fund KLP and Norwegian commercial bank DNB, mentioned in the lawsuit, said their decisions to divest from the […]

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