Who owns the Colonial Pipeline? It’s complicated
CNNNew York CNN Business — About the only thing that hasn’t been hurt by the hacking attack that shut down the Colonial Pipeline? ExxonMobil sold its stake following the 1999 merger of Exxon and Mobil, choosing instead to keep its shares in a Colonial competitor, Plantation Pipeline. ConocoPhillips sold its 16.6% stake in Colonial to Caisse de dépôt et placement du Québec, a financial firm that manages funds primarily for public and private pension and insurance plans. And in 2010 Chevron sold its 23.4% stake to a joint venture between private equity firm Kohlberg, Kravis Roberts & Co. and South Korea’s state-run National Pension Service. The other current ownerof the pipeline is IFM Investors, an investment firm owned by a group of Australian pension funds, with a 15.8% stake in Colonial Pipeline.
History of this topic
Colonial Pipeline CEO confirms company paid $5.6 million ransom to 'DarkSide' hackers
ABC
Colonial Pipeline confirms it paid $4.4M to hackers
Associated Press
Gas shortage: Colonial Pipeline is restarting but the gas crisis isn’t over
CNN
EXPLAINER: Why the Colonial Pipeline hack matters
Associated Press
US pipeline still days away from operating after cyberattack
Al Jazeera
EXPLAINER: Why the Colonial Pipeline hack matters
The Independent
Colonial Pipeline wasn’t the first and won’t be the last cyber pirate attack
CNN
Pipeline cyberattack: Regulator urges CEOs to intensify cyber defenses
CNN
The Colonial Pipeline Hack Is a New Extreme for Ransomware
Wired
Major US pipeline network shuts after ‘cybersecurity attack’
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