Energy Transfer Partners Up 2%

Shares of Energy Transfer Partners were up over 2% Wednesday after Bloomberg cited North Dakota Senator John Hoeven as saying the Army Corps of Engineers was directed to move forward with a required easement to build the final portion of the controversial Dakota Access oil pipeline. Hoeven said in an interview that the Army Corps will move forward with the easement in the next couple of days, the report added.

However, Reuters reported that the Standing Rock Sioux Tribe claimed that an environmental study must be completed before a final approval is granted. The Native American tribe, whose reservation lies adjacent to the proposed pipeline route, said the Army Corps does not have the authority to stop a scheduled environmental impact study which was ordered by the outgoing Obama administration in Jan. The tribe also said it would file a lawsuit against the Army Corp’s decision to grant the final easement, Reuters added.

By Kristin Senesi