Energy Transfer Faces New US Greenpeace Lawsuit; Co-CEO to Retire by 2026
Summary
Energy Transfer is facing new U.S. litigation from Greenpeace related to the Dakota Access Pipeline. This follows recent news of a separate Dutch court case brought by Greenpeace against the company. Separately, Co-CEO Mackie McCrea will retire by the end of 2026, with Thomas Long becoming sole CEO. The new U.S. lawsuit adds to the company's ongoing legal and environmental risks, while the CEO transition is a planned, long-term event.
At the time of this announcement, ET was trading at $19.57 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $67.3B. The 52-week trading range was $16.18 to $20.70. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.