Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Heidi Chung discuss the market action for Tesla, and Elon Musk’s mockery of short shellers with the release of Tesla ‘short shorts’. ...
A U.S. court ordered the shutdown of the Dakota Access oil pipeline on Monday over concerns about its potential environmental impact, a big win for the Native American tribes and green groups who fought the major pipeline's route across a crucial water supply for years. The decision by U.S. District Court for the District of Columbia followed the cancellation of another high-profile U.S. pipeline project on Sunday and came as a blow to the Trump administration's efforts to lift the domestic fossil fuels industry by rolling back environmental red tape. According to the ruling, the U.S. Army Corps of Engineers violated the National Environmental Policy Act (NEPA) when it granted an easement to Energy Transfer LP to construct and operate a segment of the oil pipeline beneath Lake Oahe in South Dakota, because they failed to produce an adequate Environmental Impact Statement (EIS)....
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Dan Roberts discuss the Disney+ release of ‘Hamilton’ and what it means for the future of streaming. ...
(Bloomberg Law) -- The Dakota Access pipeline must shut down by Aug. 5, a district court ruled Monday in a stunning defeat for the Trump administration and the oil industry.The decision is a momentous win for American Indian tribes that have opposed the Energy Transfer Partners LP project for years. It comes just a day after developers scuttled another project, the Atlantic Coast natural gas pipeline, after years of legal delays.Pipeline opponents have increasingly taken to the courts to oppose fossil fuel infrastructure projects, claiming at least three big victories this year.The U.S. District Court for the District of Columbia said a crucial federal permit for Dakota Access fell too far short of National Environmental Policy Act requirements to allow the pipeline to continue operating while regulators conduct a broader analysis the court ordered in a previous decision.The ruling scraps a critical permit from the Army Corps of Engineers, and requires...
