Spectra Energy Corp. (SE) is a publicly traded stock. Who buys it? Institutional investors as a small chip and mutual funds, including college investment 529E funds that maybe don’t know the fracking boom is going bust way before many children get to college.
The nation’s oldest, largest, and most influential grassroots environmental organization opposes the Sabal Trail pipeline. Sierra Club PR today (and read to FERC):
TRI-STATE SIERRA CLUB CHAPTERS OPPOSE GAS PIPELINE
Statement of the Georgia, Florida, and Alabama Sierra Club
Chapters Opposing the Sabal Trail Pipeline
ATLANTA, GA—The Georgia, Florida, and Alabama Chapters of the Sierra Club oppose the 650 mile Sabal Trail Transmission natural gas pipeline that would carry fracked natural gas extracted from Pennsylvania and Texas through Alabama, Georgia, and Florida. Sabal Trail Transmission, LLC is a joint venture between Spectra Energy Partners, LLC and and NextEra Energy, Inc. Spectra Energy and its related companies have been fined repeatedly for safety and environmental violations throughout the United States including one fine of $15,000,000.
The proposed pipeline would cut a wide swath through pristine lands with resulting negative impacts on endangered species, critical wildlife habitat, invaluable wetlands, Continue reading Sierra Club Chapters Oppose Sabal Trail Gas Pipeline