The Company Building the Dakota Access Pipeline Just Inked the First “Trump Deal”

“Pipelines are going to be winners under Trump.”

Police shoot water at Dakota Access Pipeline protesters in freezing temperatures on November 20.Richard Tsong-Taatarii/ZUMA

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In what’s being called the first “Trump deal,” Sunoco Logistics Partners has announced a nearly $20 billion merger with Energy Transfer Partners, the Dallas-based company that’s building the Dakota Access Pipeline (DAPL). The move would consolidate two pipeline giants: ETP owns 71,000 miles of crude oil and natural gas pipelines in the United States and Sunoco is one of the country’s largest pipeline operators. Though ETP is the larger of the two, the deal has officially been designated as an acquisition by Sunoco.

Financial analysts believe this may be a sign of forthcoming moves in the oil and gas sector following Donald Trump’s election. According to CNBC host Jim Cramer, the merger will likely be the first of many “Trump deals” in the energy sector. “Pipelines are going to be winners under Trump,” Cramer said Monday. In a call with investors following the election, ETP’s CEO, Kelcy Warren, said he was “very, very enthusiastic about what’s going to happen with our country.”

On the campaign trail, Trump promised to roll back regulations on the fossil fuel industry and unleash “a treasure trove of untapped energy.” Warren, who will continue on as the CEO of the new pipeline company, gave more than $100,000 in support of the Trump campaign. Trump himself is an ETP stockholder.

Sunoco, an investor in the Dakota Access Pipeline, has been identified as its future operator. The pipeline’s investor page mentions that Sunoco owns a Nederland, Texas terminal that will process oil pumped through DAPL. According to a recent Reuters analysis of federal data, Sunoco spills crude more often than any of its competitors. It has been responsible for at least 203 known leaks since 2010.

Meanwhile, the protests against DAPL continue. Late Sunday night, police fired rubber bullets at protesters and doused them with tear gas and cold water—even as the temperature dipped to as low as 23 degrees. Seventeen people were reportedly hospitalized, including some suffering from hypothermia.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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