Why Pipelines Are Becoming Bad Business for the US Oil Industry

 

With several major pipelines in the United States having been halted, including the Keystone Pipeline and Dakota Access Pipeline, many are wondering what these changes mean for the future of the US oil industry. Winona LaDuke, Co-Founder of Honor the Earth and former Green Party vice president candidate of Ralph Nader provided expert insight into this topic.

According to LaDuke, there’s been a fleeing of industries from pipelines. “Pipelines are a risky business, you know? And just to be clear, like to me, this is really not just a pipeline question. It’s a question of infrastructure,” LaDuke said. She emphasized that pipes are a necessity, but not for oil companies, “We do need pipes, we do need pipes, but we need pipes that are like water and sewer pipes. We don’t need pipes for oil companies. And so it’s a question of, you know, how are you going to spend your infrastructure money?”

For LaDuke, green energy is the best path forward for the industry. “It’s the end of an era. So anything you’re going to try to put in is going to be pretty much a last [ditch] effort. And the cost overruns of every project, you know, for the fantasy of a pipeline has been so egregious,” LaDuke noted.

LaDuke is optimistic that green energy will provide job opportunities, which is especially valuable in light of recent events. “One of the many things taught to us by the COVID pandemic is that we make everything in China,” she explained. LaDuke believes we need to make renewable energy in the US instead of importing parts from other countries. “We need to rebuild an industrial sector in this country. That makes sense. And that’s what the new green revolution is. That’s the one I’m part of.”

Follow us on social media for the latest updates in B2B!

Image

Latest

Brand experience with APL
Stepping into the Future at Shoptalk 2024: Creating a Flagship Brand Experience with APL
March 28, 2024

The customers of today are no longer satisfied with mere products; they crave brands that provide immersive, distinctive, and tailored brand experiences. Athletic Propulsion Labs (APL) epitomizes this shift, setting a new standard in the luxury performance market with its innovative athletic footwear. APL’s newly opened flagship boutique in Soho, with its artisan plaster walls […]

Read More
Balancing professional growth and personal well-being
Routines, Rituals and a Mission-Driven Approach: MarketScale’s CRO Tim Maitland on Balancing Professional Growth and Personal Well-Being
March 28, 2024

In a world that often demands the relentless pursuit of success, finding the sweet spot between professional growth and personal well-being can seem like an elusive goal. As we navigate the complexities of modern work-life dynamics, the conversation around maintaining this balance has become more pertinent than ever. In this episode of Growthwell, we […]

Read More
marketing careers
The Impact of AI on Marketing Careers
March 28, 2024

In this episode of The Marketing AI SparkCast, host Aby Varma, a B2B Marketing Leader and the Founder of Spark Novus, sits down with Matt Gill, the Founder and Managing Partner of MICA Consulting Group. Spark Novus is a consultancy specializing in strategic AI adoption in marketing. MICA is a leading boutique national marketing […]

Read More
healthcare cybersecurity
Continued Threats Require a Major Shift in Healthcare Cybersecurity Risk Perception
March 28, 2024

Recent cyberattacks on healthcare institutions have thrust cybersecurity from a back-office concern to the forefront of the healthcare industry’s agenda. A significant breach at Change Healthcare disrupted essential services, underlining the vulnerability of healthcare networks to such threats and the dire consequences for patient care. Government and industry responses have stressed the importance of […]

Read More