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hatrack

(59,587 posts)
Mon Jan 6, 2020, 07:15 AM Jan 2020

Rick Perry Rejoins Board Of Company Behind Dakota Access, Bayou Bridge, Other Pipelines

Shocked, shocked.

Former Trump administration Energy Secretary Rick Perry, who resigned from his cabinet-level post effective last month, has joined the board of directors of the general partner of Energy Transfer LP, according to a filing made today with the Securities and Exchange Commission by Energy Transfer.

Before joining the Trump administration, Perry had served on the board of Energy Transfer, the pipeline company behind controversial projects including Dakota Access, Bayou Bridge, and Mariner East, but resigned to become Secretary of the Department of Energy. On January 1, 2020, Perry was appointed as a director of LE GP, LLC, the general partner of Energy Transfer LP, according to today's SEC filing, made after the market closed. (“Energy Transfer is structured as a master limited partnership,” Bloomberg reports.)

The news comes on the same day that Pennsylvania regulators announced a record $30.6 million fine for Energy Transfer over an explosion of the company's Revolution pipeline. State regulators said they would resume permitting for the firm's Mariner East project. Energy Transfer is currently seeking to roughly double the flow of fossil fuels along its Dakota Access project, raising the pipeline's capacity to 1.1 million barrels a day, up from the 560,000 barrels of oil currently flowing through the Dakota Access system.

Perry first joined the board of the company, then known as Energy Transfer Partners, in February 2015, as he was facing state-level felony charges, dismissed a year later, for abuse of power during his term as Governor of Texas. In 2017, after being chosen by President-elect Donald Trump to lead the Department of Energy, Perry said that he regretted his previous statements about eliminating the very department he would go on to lead. During his tenure in the Trump administration, Perry sent a proposed rule to the Federal Energy Regulatory Commission (FERC) to speed the approval of a proposal which would ensure that nuclear and coal plants received compensation for the “resilience” they give to the power grid, The Washington Examiner reported.

EDIT

https://www.desmogblog.com/2020/01/03/energy-secretary-rick-perry-rejoins-energy-transfer-board-dakota-access

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