I will be sending out my regular monthly integrated reporting newsletter later this month or early December. It will be a very long one because I have received a great deal of excellent material over the past month.
In the meantime, I wanted to alert you to the issue of the Dakota Access Pipeline Project being built by Energy Transfer Partners that is intended to go through the sacred land and drinking water of the Standing Rock Sioux Tribe. There have been peaceful protests about this project for several months. Tensions are escalating. Just yesterday protestors were sprayed with water in subfreezing temperatures.
In my piece “Standing Rock Protest: Finding the Long-Term Solution” published on Forbes.com this morning, I argue that such events are likely to multiply in the future in the collision of stranded assets and short-term market pressures. Further escalating this is the fact that more drilling for oil & gas on American soil, some of which will impact Indigenous Peoples, is likely with the new U.S. administration taking over early next year. The collision of these two forces will come at a large human cost.
Investors in these projects can help ameliorate this by doing proper due diligence and taking a longer-term view, both of which are in their economic self-interest.