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Nordic investors reject Dakota pipeline operator’s allegations

Nordic investors rejected on Tuesday allegations in a lawsuit by the operator of Dakota Access Pipeline (DAPL) that they divested from the project due to pressure from Greenpeace and other environmental groups…

The pipeline’s operator Energy Transfer Partners LP sued Greenpeace last week, saying the negative publicity against it, its sister company Energy Transfer Equity LP and other firms caused billions of dollars in damage.

Nordic bank Nordea, Norwegian private pension fund Storebrand, Norway’s public sector pension fund KLP and Norwegian commercial bank DNB, mentioned in the lawsuit, said their decisions to divest from the DAPL and companies involved was a result of their own due diligence…

“We find it puzzling that ETP refers to KLP’s decision in its discussion of alleged damages when the company made no effort to avail itself of multiple opportunities for comment,” KLP’s acting head of responsible investments Annie Bersagel told Reuters…

KLP said in March its decision was based on “an unacceptable risk of contributing to serious or systematic human rights violations.”…

Part of the following stories

USA: Energy Transfer sues BankTrack, Greenpeace & others for allegedly disseminating false information about Dakota Access Pipeline

Energy Transfer lawsuit (re Dakota Access Pipeline, USA)