Nov. 11, 2016 12:12PM EST
Trump’s Personal Investments Ride on Completion of Dakota Access Pipeline
Donald Trump’s surprise election win has encouraged Energy Transfer Partners’s Kelcy Warren, the CEO of the parent company of Dakota Access LLC, which is building the Dakota Access Pipeline (DAPL). In an interview with CBS This Morning, Warren said he is “100 percent” confident that the president-elect will help the company finish the project.
The U.S. Army Corps of Engineers is mulling alternative routes and has requested a temporary halt to the $3.8 billion project but Dakota Access LLC is pushing ahead with construction. According to a Nov. 8 release, the company said it is “currently mobilizing horizontal drilling equipment to the drill box site” and will commence drilling activities upon completion of mobilization in about two weeks.
Yesterday, Army Corps’s Omaha office said it was “concerned” that the company plans to continue building despite the Corps’s request.
Trump has not spoken about the DAPL but holds stocks that are directly funding the Dakota Access Pipeline. According to Trump’s financial disclosure forms, The Guardian reported that he has invested between $500,000 and $1 million in Energy Transfer Partners.