September 26, 2016

MSCI Coalition Tells President To Support Dakota Access Pipeline

In a letter sent on September 26, the Energy Equipment and Infrastructure Alliance (EEIA), of which MSCI is a member, asked President Barack Obama and his administration to support approval and construction of the Dakota Access Pipeline. The Army Corps of Engineers and two other federal agencies have joined together to withhold an easement from the pipeline, which has been under review for two years. 

The EEIA letter notes, “This 1,172 mile pipeline, which is more than 60 percent complete, would bring almost a half million barrels a day of domestic crude oil to market in an environmentally safe and efficient manner.” Private sector builders already have invested more than $1.6 billion in the pipeline and are employing more than 10,000 workers to complete it. The EEIA also noted that “more than 99 percent of the project is on private land, all rights of way have been obtained, and it has been fully approved by all four states it traverses” and that “the project was challenged in federal court and upheld in an exhaustive 58 page opinion.” 

Even though most of the pipeline is on private land, as the National Association of Manufacturers has said, the Army Corps of Engineers held 389 meetings with 55 Native American tribes regarding the pipeline. The EEIA letter also argues, “To arbitrarily preempt that process, as these agencies have done, is not only grossly unfair, it will have a chilling impact on the willingness of developers in all fields to commit time and capital to the construction of the infrastructure our nation so vitally needs.” The letter concludes, “The Dakota Access Pipeline has undergone a rigorous and well established environmental and regulatory review” and the easement should be approved.