• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

How One Word Could Help You Lower Your Dementia Risk

September 26, 2025

The Top Job Search Frustrations and How to Overcome Them

September 26, 2025

Mortgage rates rise for first time since July

September 25, 2025
Facebook Twitter Instagram
Trending
  • How One Word Could Help You Lower Your Dementia Risk
  • The Top Job Search Frustrations and How to Overcome Them
  • Mortgage rates rise for first time since July
  • Why De-Risking Corporate Pensions Are Acting Like Bond Traders
  • Forget the Expensive ‘Memory Improvement’ Pills: Here’s What Can Really Help
  • How to Collect Social Security While Working (and Jobs to Consider)
  • Navigate The Kiddie Tax To Maximize The Family’s After-Tax Income
  • 3 Diets That May Ward Off Dementia and Heart Disease — and 1 That Hastens Them
Friday, September 26
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » Future of North Dakota access pipeline for oil transport in limbo after no action yet from Biden
Investing

Future of North Dakota access pipeline for oil transport in limbo after no action yet from Biden

News RoomBy News RoomSeptember 9, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

The Biden administration took a pass on a status update for the Dakota Access Pipeline after a draft environmental review was issued Friday.

The administration did not indicate whether it would revoke an existing permit allowing the DAPL, which transports crude oil
CL00,
-0.32%
from North Dakota to Illinois for processing, to cross through federal waters.

The Army Corps of Engineers on Friday released a draft impact statement looking at the pipeline’s environmental consequences. It says the agency did not select a “preferred” alternative — whether it would revoke the permit, keep it as-is or modify it. Instead, the administration will consider public comments before issuing a final decision.

The report said that if the pipeline has an oil spill, it could have long-term, major impacts on groundwater and wildlife, as well as community health. However, the Corps also calls the possibility of such a spill “remote to very unlikely.”

The DAPL was built by Energy Transfer Partners
ET,
+0.44%
to pipe crude oil from the Bakken field in North Dakota to Illinois refineries. The pipeline crosses under the Missouri and Mississippi Rivers and Lake Oahe, and runs within a half-mile of the current boundaries of the Standing Rock Sioux Reservation, through land taken from the Tribe by Congress in 1958, according to a Harvard Law briefing. The DAPL also runs through important cultural and burial sites for Standing Rock and other tribal nations.

Most of the DAPL was permitted and built under state law. However, the federal government has authority over 37 miles of the 1100-mile pipeline, where the pipeline passes over or under streams, rivers and federal dams.

The Standing Rock Sioux, other tribes, and environmental-policy groups oppose the pipeline because of the greenhouse gas emissions from oil that it carries, and concerns that a spill would contaminate state and tribal drinking water.

The Biden administration earlier this week announced the cancellation of controversial oil and natural-gas leases in an Alaska federal wildlife refuge that were bought by a state development agency in 2021.

“With climate change warming the Arctic more than twice as fast as the rest of the planet, we must do everything within our control to meet the highest standards of care to protect this fragile ecosystem,” Interior Secretary Deb Haaland said in a statement authorizing the cancellation of the seven remaining leases.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Even Time-Strapped Business Owners Can Share an Engaging Reading Experience with Their Kids

Investing September 20, 2025

Turnover Is Costing You More Than You Think — Here’s the Fix

Investing September 19, 2025

How Pana Food Truck Started Selling Arepas

Investing September 18, 2025

Amazon CEO Andy Jassy Is Fighting Against Bureaucracy

Investing September 17, 2025

Here Are the Top 50 Mistakes I’ve Seen Kill New Companies

Investing September 16, 2025

Google Parent Alphabet Reaches $3T Market Cap

Investing September 15, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

The Top Job Search Frustrations and How to Overcome Them

September 26, 20251 Views

Mortgage rates rise for first time since July

September 25, 20250 Views

Why De-Risking Corporate Pensions Are Acting Like Bond Traders

September 25, 20250 Views

Forget the Expensive ‘Memory Improvement’ Pills: Here’s What Can Really Help

September 25, 20251 Views
Don't Miss

How to Collect Social Security While Working (and Jobs to Consider)

By News RoomSeptember 25, 2025

Drazen Zigic / Shutterstock.comAs simple words go, “retirement” carries a lot of weight and a…

Navigate The Kiddie Tax To Maximize The Family’s After-Tax Income

September 24, 2025

3 Diets That May Ward Off Dementia and Heart Disease — and 1 That Hastens Them

September 24, 2025

21 Thrift Store Gems You Can Cash in On

September 24, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.