We're all torn up about this story.
Koch Pipeline Co. called off plans to build a 250,000-barrel-a-day crude line to Illinois from North Dakota’s Bakken formation, where a shale boom has helped lift domestic production to the highest in a quarter-century.
The indirect subsidiary of Koch Industries Inc., one of the largest private companies in the U.S., is no longer developing the so-called Dakota Express pipeline, Jake Reint, a Koch spokesman, said by e-mail yesterday. He didn’t provide a reason for the decision. The Wichita, Kansas-based company was scheduled to begin a 45-day open season to gauge interest from potential shippers on the line in July.
Surely, the recipients of the nation's biggest criminal fines for violations of environmenal laws would have built a never-spill pipeline. On second thought...