DAPL and Sabal Trail are more intertwined than we thought.
But first, who are the institutional investors in the three Sabal Trail partners?
NASDAQ makes this easy to discover, and the answer is in
the first table below: among banks State Street and Bank of America stand out.
Let’s not forget Williams Company, of the Transco Hillabee Expansion Project from which Sabal Trail wants to get its fracked methane; see the second table, which State Street clearly wins, and there’s Goldman Sachs.
We learned this week that Enbridge of the Dakota Access Pipeline (DAPL) opposed by the Standing Rock Sioux in North Dakota: that Enbridge is buying Spectra Energy of Sabal Trail.
But there’s more! Last year Williams was bought by Energy Transfer Equity, which is the main backer of DAPL.
Update 2016-09-26: Actually, Energy Transfer backed out of buying Williams Co..
See the third table, which shows banks bought into at least five of the partner entities: Bank of America and Morgan Stanley.
Opponents of Sabal Trail are not just fighting the same industry as DAPL: they’re fighting many of the same companies and the same investors.