{"id":24743,"date":"2023-06-19T21:59:25","date_gmt":"2023-06-20T01:59:25","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/us-judge-orders-enbridge-to-shut-down-portions-of-wisconsin-pipeline-within-3-years\/"},"modified":"2023-06-19T21:59:26","modified_gmt":"2023-06-20T01:59:26","slug":"us-judge-orders-enbridge-to-shut-down-portions-of-wisconsin-pipeline-within-3-years","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=24743","title":{"rendered":"US judge orders Enbridge to shut down portions of Wisconsin pipeline within 3 years"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. FILE PHOTO: Enbridge Inc logo is seen displayed in this illustration taken April 10, 2023. REUTERS\/Dado Ruvic\/Illustration\/File Photo<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>By Clark Mindock<\/p>\n<p>(Reuters) &#8211; A U.S. judge has ordered Canadian energy company Enbridge (NYSE:) to shutter portions of an oil pipeline that runs through tribal land in Wisconsin within three years and to pay the tribe nearly $5.2 million for trespassing plus a portion of its profits until the shutdown is completed.<\/p>\n<p>U.S. District Judge William Conley issued the order on Friday in Madison. The judge&#8217;s action came just over a month after the Bad River Band told him an immediate shutdown was needed following heavy spring rains that eroded a riverbank protecting the pipe. The pipeline carries 540,000 barrels of oil per day from Canada through the Great Lakes region.<\/p>\n<p>An Enbridge spokesperson said on Saturday the company plans to appeal the judge&#8217;s order.<\/p>\n<p>In the ruling, Conley said a sudden shutdown could lead to oil shortages and price hikes in the United States, adding that &#8220;given the environmental risks, the court will order Enbridge to adopt a more conservative shutdown and purge plan.&#8221;<\/p>\n<p>Enbridge said in court filings ahead of the judge&#8217;s action that a hasty shutdown of the pipeline was unnecessary and would cause &#8220;extreme market turmoil.&#8221; The company has proposed re-routing the pipeline around the tribal reservation, but has not received federal approvals to do so.<\/p>\n<p>Representatives for the tribe did not immediately respond to a request for comment. <\/p>\n<p>The tribe has said a breach in the pipeline along the 12-mile (19 km) segment that runs through the reservation could pollute important fishing waters, wild rice habitat and potentially underground aquifers.<\/p>\n<p>The tribe sued Enbridge in 2019, arguing that riverbank erosion threatened a &#8220;looming disaster&#8221; that warranted removal of the pipeline and saying that the company no longer had a legal right to operate on the property after pipeline easements allowing it to use the land expired in 2013.<\/p>\n<p>Conley ruled last year that the pipeline was trespassing on the land but stopped short of ordering a shutdown due to public and foreign policy concerns. The judge in November said significant erosion that could cause a rupture was unlikely, but told the parties to develop a shutdown plan anyway. <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/us-judge-orders-enbridge-to-shut-down-portions-of-wisconsin-pipeline-within-3-years-3107640\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. FILE PHOTO: Enbridge Inc logo is seen displayed in this illustration taken April 10, 2023. REUTERS\/Dado Ruvic\/Illustration\/File Photo By Clark Mindock (Reuters) &#8211; A U.S. judge has ordered Canadian energy company Enbridge (NYSE:) to shutter portions of an oil pipeline that runs through tribal land in Wisconsin within three years and to pay [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-24743","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US judge orders Enbridge to shut down portions of Wisconsin pipeline within 3 years | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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