Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

New North Dakota governor expects controversial pipeline to be built

Published 01/13/2017, 06:16 AM
Updated 01/13/2017, 06:20 AM
© Reuters. A man holds an American flag while protesting near Standing Rock Indian Reservation, North Dakota

By Ernest Scheyder

(Reuters) - North Dakota Governor Doug Burgum, who took office last month in the height of tensions surrounding the Dakota Access Pipeline, said he believed the line would eventually be built and asked opponents to clean their protest camp before spring floodwaters create a potential ecological disaster.

A centrist Republican with no prior political experience, Burgum was elected in a landslide on a platform of streamlining government and improving relations across the state. Burgum built a successful software business before selling it to Microsoft Corp (O:MSFT) in 2001.

Burgum told Reuters that approval of the pipeline appeared to be a foregone conclusion once Donald Trump moved into the White House.

"I expect the world's going to change dramatically on that day relative to finding resolution on this issue," Burgum said in an interview. "I would expect that (Energy Transfer Partners (N:ETP)) will get its easement and it will go through."

A coalition of Native American groups, environmentalists, Hollywood stars and veterans of the U.S. armed forces protested the $3.8 billion oil project at a North Dakota camp, which at one point held more than 5,000, though that number has shrunk in size during the winter.

Opponents contend construction would damage sacred lands and any leaks could pollute the water supply of the Standing Rock Sioux tribe.

Last month, President Barack Obama denied a key permit needed to complete the pipeline, but Trump has said he will review that decision.

Local law enforcement have voiced concerns that any reversal by the federal government could cause the area to swell again with protesters, straining resources.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

David Archambault, chairman of the Standing Rock Sioux tribe, has repeatedly asked protesters to leave the area and let the pipeline fight play out in courts.

Burgum said he agrees with Archambault and asked protesters to help clean up the camp before it threatens the environment itself. More than 300 vehicles, along with dozens of temporary dwellings and other detritus, have been abandoned at the campsite, which sits in a flood plain that is likely to be overrun by spring rain and snowmelt.

State officials are concerned that floodwaters could carry that material away.

"The amount of cleanup that needs to take place is enormous," Burgum said. "We've got a potential ecological disaster if this land floods and all the debris flows downstream into tribal lands."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.