Pipeline owner: Shutdown would cause dire financial effects
FARGO, N.D. — The owner of the Dakota Access pipeline that moves oil from North Dakota to Illinois says shutting down the line would have dire financial consequences based on recent economic conditions. Texas-based Energy Transfer said in its filing late Monday that U.S. District Judge James Boasberg should deny a motion by the Standing Rock Tribe and other pipeline opponents to halt the business while the U.S. Dakota Access attorney William Scherman said in a 10-page motion that shuttering the pipeline would collectively result in billions of dollars in losses to various entities, including the state of North Dakota and Three Affiliated Tribes in the northwestern part of the state. The $3.8 billion, 1,172-mile pipeline crosses beneath the Missouri River, just north of the Standing Rock Reservation that straddles the North Dakota-South Dakota border.
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