Judge Orders Dakota Access Pipeline Shut Down, Report Says
A U.S. district court judge ordered the Dakota Access Pipeline temporarily shut down and drained by Aug. 5, according to a Fox News report. The oil pipeline, owned by Energy Transfer LP (NYSE: ET), carries light sweet crude from the Bakken region in North Dakota to major refining markets in the Midwest and Gulf regions. The judge has ordered an environmental review be completed within 30 days.
The news comes just one day after another pipeline project was canceled by Dominion Energy (NYSE: D) and Duke Energy (NYSE: DUK). The cancellation of the Atlantic Coast Pipeline (ACP) project was announced after Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) agreed to buy Dominion's natural gas assets for $4 billion, plus another $5.7 billion of debt.
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Source Fool.com
