For Immediate Release
Jennifer K. Falcon, 218-760- 9958,
jennifer@ienearth.org
WASHINGTON - On January 7th, 2021 the Westchester Fire Insurance Company, a subsidiary of international insurance corporation Chubb, notified Energy Transfer Partners that it was cancelling a crucial $250,000 bond for the Dakota Access Pipeline (DAPL) segment in Iowa. Publication of this bond cancellation comes just days after a federal appeals court largely sided with the Standing Rock Sioux Tribe upholding lower court decisions that revoked a key permit for the line and required a federal agency to conduct a lengthy environmental review.
Surety bonds are used to protect the public from having to pay for any damages or pollution created by existing projects.
The following is a statement from Indigenous Environmental Network:
“Dakota Access Pipeline has no federal easement. It's now losing insurance coverage on the state-level which is a requirement for Iowa's state permit. It is time for President Biden to take action and shut down the Dakota Access Pipeline. This project is a danger to all communities along its path, including the Standing Rock and Cheyenne River Sioux Nations. It’s time to end this saga and do what’s right. Shut down DAPL.”
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