Energy

Dakota Access Pipeline Builders Sue Greenpeace, Others on Racketeering Charges

Thinkstock

By the time oil began flowing in the Dakota Access Pipeline (DAPL), the pipeline’s owner, Energy Transfer Partners L.P. (NYSE: ETP) and its general partner, Energy Transfer Equity L.P. (NYSE: ETE), had lost upward of $500 million on delays to getting the pipeline into operation. On Tuesday, the companies filed suit in the U.S. District Court in North Dakota seeking unspecified compensatory damages for the losses.

Name in the suit were Greenpeace International, Greenpeace, Greenpeace Fund, BankTrack, Earth First! and other organizations and individuals. The plaintiffs allege that these groups and individuals, which they call “the Enterprise” in the filing, “manufactured and disseminated materially false and misleading information about the [DAPL] for the purpose of fraudulently inducing donations, interfering with pipeline construction activities and damaging Energy Transfer’s critical business and financial relationships.”

In the press release announcing the lawsuit, Energy Transfer charged that the “Enterprise is comprised of rogue environmental groups and militant individuals who employ a pattern of criminal activity and a campaign of misinformation for purposes of increasing donations and advancing their political or business agendas.”

The lawsuit also alleges that the Enterprise “incited, funded, and facilitated crimes and acts of terrorism to further these objectives. It further alleges claims that these actions violated federal and state racketeering statutes, defamation, and constituted defamation and tortious interference under North Dakota law.”

In a report at Bloomberg News, Greenpeace said it had not yet received a copy of the lawsuit, but spokesman Travis Nichols said, “We will comment in more detail at the appropriate time, but rest assured we will fully defend ourselves against legal attacks on our existence.”

Energy Transfer is seeking compensatory damages in an amount to be proven at trial as well as treble and punitive damages. The companies’ law firm is Kasowitz, Benson & Torres. Marc Kasowitz was for a time President Trump’s chief private attorney.

Take Charge of Your Retirement In Just A Few Minutes (Sponsor)

Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.

Here’s how it works:

  1. Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
  2. Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
  3. Choose Your  Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.

Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.