Energy Transfer Doesn't Want to Get Left Behind in the Energy Transition
Energy Transfer (NYSE: ET) currently owns one of the largest energy infrastructure businesses in North America. The master limited partnership (MLP) operates a fully integrated franchise that moves oil and gas from the wellhead to market centers. It transports more than 25% of all the natural gas and natural gas liquids produced in the U.S. and 35% of its oil. While this infrastructure is vital to meeting the economy's current energy needs, it's starting to transition from fossil fuels to alternative sources like renewable energy.
Energy Transfer needs to join the transition so that it doesn't become extinct. That led it to recently launch an alternative energy group to increase its focus on finding ways to remain relevant as the energy industry shifts fuel sources.
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Source Fool.com
