Tag Archives: Enbridge

Major climate change victory in U.S. House on Bastille Day 2017-07-14

On the anniversary of the French Revolution against a corrupt old regime, the U.S. House of Representatives took a step towards independence from the clammy grip of the fossil fuel companies. This has direct implications on Moody AFB. No more pipelines. Solar power now.

Bethany Allen-Ebrahimian, 14 July 2017, In Landmark Move, GOP Congress Calls Climate Change ‘Direct Threat’ to Security: Extreme weather and rising seas threaten bases from Virginia to Guam. For the first time, a Republican House has voted to recognize that.,

One study last year found that rising oceans threaten 128 military installations on the coasts, including naval facilities worth around $100 billion.

The Pentagon has been aware for years of Continue reading

America’s largest college mutual fund VA529 owns Spectra Energy, a stranded investment

Parents and grandparents buy 529 college savings plans as safe investments, so VA529 chose poorly in Spectra Energy, the very risky company behind the Sabal Trail fracked methane pipeline now plowing through the Floridan Aquifer drinking water of south Alabama, Georgia, and all of Florida and under the Withlacoochee and Suwannee Rivers against growing opposition. Maybe you’d like to mention that to Mary G. Morris, the Chief Executive Officer of Virginia529 College Savings Plan, the biggest mutual fund investor in both Spectra Energy and in Enbridge, which is buying Spectra. There’s a handy VA529 contact form or you can call or write:

1-804-371-0766
Toll-Free: 1-888-567-0540
9001 Arboretum Parkway
North Chesterfield, VA 23236

Spectra is so risky it just sold itself so Enbridge would take on about $22 billion of Spectra debt. Debt especially racked up since Continue reading

Sabal Trail protests continue –VDT 2016-09-23

Front page today in the newspaper of record in the largest city in the Suwannee River Basin: the WWALS protest against DAPL and Sabal Trail at the US 84 Withlacoochee River bridge last Saturday, between Quitman and Valdosta, GA.

Vdt Desiree Carver, Valdosta Daily Times, Friday, September 23, 2016, front page, Sabal protests continue,

The WWALS Watershed Coalition stood on the bridge between Brooks and Lowndes County Saturday to show solidarity with Dakota Access Pipeline opponents in Dakota and to continue its battle against the Sabal Trail natural gas pipeline.

That’s the US 84 bridge over the Withlacoochee River, on the Continue reading

Many same investors in Sabal Trail and Dakota Access Pipeline

DAPL and Sabal Trail are more intertwined than we thought. But first, who are the institutional investors in the three Sabal Trail partners? Three Banks NASDAQ makes this easy to discover, and the answer is in the first table below: among banks State Street and Bank of America stand out.

Let’s not forget Williams Company, of the Transco Hillabee Expansion Project from which Sabal Trail wants to get its fracked methane; see the second table, which State Street clearly wins, and there’s Goldman Sachs.

We learned this week that Enbridge of the Dakota Access Pipeline (DAPL) opposed by the Standing Rock Sioux in North Dakota: that Enbridge is buying Spectra Energy of Sabal Trail.

But there’s more! Last year Williams was bought by Energy Transfer Equity, which is the main backer of DAPL.

Update 2016-09-26: Actually, Energy Transfer backed out of buying Williams Co..

See the third table, which shows banks bought into at least five of the partner entities: Bank of America and Morgan Stanley.

Opponents of Sabal Trail are not just fighting the same industry as DAPL: they’re fighting many of the same companies and the same investors.

Investors in Sabal Trail partners (Spectra Energy, NextEra Energy, Duke Energy)

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