{"id":58853,"date":"2023-09-09T06:19:30","date_gmt":"2023-09-09T10:19:30","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/future-of-north-dakota-access-pipeline-for-oil-transport-in-limbo-after-no-action-yet-from-biden\/"},"modified":"2023-09-09T06:19:33","modified_gmt":"2023-09-09T10:19:33","slug":"future-of-north-dakota-access-pipeline-for-oil-transport-in-limbo-after-no-action-yet-from-biden","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=58853","title":{"rendered":"Future of North Dakota access pipeline for oil transport in limbo after no action yet from Biden"},"content":{"rendered":"
\n

The Biden administration took a pass on a status update for the Dakota Access Pipeline after a draft environmental review was issued Friday. <\/p>\n

The administration did not indicate whether it would revoke an existing permit allowing\u00a0the DAPL, which transports crude oil
\n CL00,
\n +0.41%<\/bg-quote>
\n from North Dakota to Illinois for processing,\u00a0to cross through federal waters.<\/p>\n

\n

The Army Corps of Engineers on Friday released a\u00a0draft impact statement\u00a0looking at the pipeline\u2019s environmental consequences. It says the agency did not select a \u201cpreferred\u201d alternative \u2014 whether it would\u00a0revoke the permit, keep it as-is or modify it. Instead, the administration will consider public comments before issuing a final decision.<\/p>\n

The report said that if the pipeline has an oil spill, it could have\u00a0long-term, major impacts\u00a0on groundwater and wildlife, as well as community health.\u00a0However, the Corps also calls the possibility of such a spill\u00a0\u201cremote to very unlikely.\u201d<\/p>\n

The DAPL was built by Energy Transfer Partners
\n ET,
\n +0.44%<\/bg-quote>
\n 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\u00a0Standing 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.<\/p>\n

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,\u00a0where the pipeline passes over or under streams, rivers and federal dams. <\/p>\n

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.<\/p>\n

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.<\/p>\n

\u201cWith 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,\u201d Interior Secretary Deb Haaland said in a statement authorizing the cancellation of the seven remaining leases.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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\u00a0the DAPL, which transports crude oil CL00, +0.41% from North Dakota to Illinois for processing,\u00a0to cross through federal waters. The […]<\/p>\n","protected":false},"author":1,"featured_media":58854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-58853","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nFuture of North Dakota access pipeline for oil transport in limbo after no action yet from Biden | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The Biden administration took a pass on a status update for the Dakota Access Pipeline after a draft environmental review was issued Friday. 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