Blackstone’s New Pipeline Asset Is Wreaking Environmental Havoc

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    America’s biggest natural gas pipeline only began a few months ago and already has had more environmental violations then all other pipelines combined over the last two years – PB/TK 

    Blackstone’s New Pipeline Asset Is Wreaking Environmental Havoc – By Naureen S Malik and Catherine Traywick / Aug 17 2017

    In the energy business, it’s one of the biggest projects going today: construction of a 710-mile pipeline to transport natural gas from America’s most prolific shale deposit in the eastern U.S. to consumers in the Midwest and Canada. Even Blackstone Group LP has agreed to take a sizable stake.

    But it holds another, more dubious, distinction. The Energy Transfer Partners LP pipeline has racked up more environmental violations than other major interstate natural gas pipelines built in the last two years, according to a Bloomberg analysis of regulatory filings during that period. And that’s all since U.S. regulators approved the $4.2 billion project in February.

    “Not only is it a situation where there are probably more incidents and more headlines than any other pipeline, on a project basis it’s a magnitude that we haven’t seen in years,” said Kyle Cooper, director of research with IAF Advisors in Houston.

    In Ohio, Energy Transfer has been cited for damaging protected wetlands and improperly disposing of wastewater, among other things. In West Virginia, a state regulator temporarily ordered the company last month to cease and desist activities after it inadvertently polluted streams

    Continue to Bloomberg.com article: https://www.bloomberg.com/news/articles/2017-08-17/blackstone-s-new-pipeline-asset-is-wreaking-environmental-havoc

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