Energy Transfer Refuses to Shut Down Dakota Access Pipeline Despite Judge's Order
Oil infrastructure giant Energy Transfer (NYSE: ET), which operates the controversial Dakota Access Pipeline, is vowing not to shut down the major crude artery in spite of a court order.
On Monday, July 6, U.S. District Court Judge James Boasberg issued a ruling that the pipeline would have to shut down by August 5 for a thorough environmental review, which could take up to 13 months. On Wednesday, Bloomberg quoted Energy Transfer spokeswoman Vicki Granado as stating bluntly in an email, "We are not shutting down the line."
Defying the Court's order could subject Energy Transfer to fines or even jail time for its personnel.
Source Fool.com
