Weiss Gold Veteran Makes Shocking New Call

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

South Dakota law raises questions about future of massive Midwest pipeline

SARAH RAZA and JACK DURA
March 09, 2025

SIOUX FALLS, S.D. (AP) -- A new law in South Dakota prohibiting the use of eminent domain to acquire land for carbon capture pipelines raises questions about the viability of a proposed 2,500 mile (4,023-kilometer) project snaking through five Midwest states.

Summit Carbon Solutions, the company behind the estimated $8.9 billion pipeline, vowed to keep pursuing the project despite South Dakota Gov. Larry Rhoden's announcement Thursday that he had signed a bill into law that will make routing the line much more difficult. The law bans Summit from forcing South Dakota landowners to allow the pipeline through their property.

Plans call for the pipeline to carry greenhouse gas emissions from more than 50 ethanol plants in Iowa, Minnesota, Nebraska, North Dakota and South Dakota to a spot in North Dakota, where it would be permanently stored underground.

Legal action is possible

It's unclear whether Summit will pursue legal action but the company said in a statement that "all options are on the table" and the project "moves forward" in other states. The company promised it would have more news soon.

Large pipeline projects typically rely on eminent domain, with companies arguing that even if most landowners agree to grant access to their property, a project can be scuttled if only a few refuse.

Summit says the company, which has secured over 2,700 easements across the region, has approval for routes in Iowa and North Dakota and a leg in Minnesota.

Can the line be routed through Minnesota?

The current proposed route would cut through nearly 700 miles (1,126.5 kilometers) of South Dakota before entering North Dakota, so rerouting to the east through Minnesota would be a big challenge.

A Summit spokesperson did not respond to questions Friday about whether the company would consider a new route.

The sponsor of the South Dakota bill, Republican Rep. Karla Lems, said Summit could either reroute its pipeline through Minnesota into North Dakota or "negotiate with landowners in South Dakota" and go around opponents.

Gov. Rhoden said the South Dakota law wasn't intended to kill the project and suggested Summit see it as "an opportunity to reset."

Minnesota is a relatively small part of Summit's overall project. The only segment approved in the state is a 28-mile (45-kilometer) leg from an ethanol plant near Fergus Falls to the North Dakota border. Summit's project also includes two legs in southern Minnesota that would go into Iowa.

A Minnesota Public Utilities Commission spokesperson did not respond to phone or email messages.

The pipeline's importance to the ethanol industry

The country's transition to electric vehicles has been slower than many people expected, but most think a shift away from internal combustion engines will eventually happen.

Nearly 40% of the nation's corn crop is brewed into ethanol, which is blended into most gasoline sold in the U.S. Midwest farmers and the ethanol industry therefore see it as essential to have new markets as less of the fuel additive goes to power cars.

They see passenger jet fuel as a potentially huge new market for ethanol. However, under current rules the process for turning ethanol into aviation fuel would need to emit less carbon dioxide to qualify for tax breaks intended to reduce greenhouses.

The carbon capture pipeline is a key part of achieving those goals, Iowa Renewable Fuels Association Executive Director Monte Shaw said.

Walt Wendland, who runs an ethanol plant in Onida, South Dakota, said the "ethanol industry is a margin business" and the new state law will put South Dakota ethanol producers at a disadvantage.

"Ever since I built a plant, I never wanted an advantage, just don't put me at a disadvantage," Wendland said.

Will the pipeline ever be built?

It has been four years since Summit proposed building the pipeline, along with two other companies that later abandoned their plans. It has been a challenging process for Summit, which dealt with lawsuits in Nebraska and elsewhere, opposition before a regulatory commission in Iowa and now the eminent domain ban in South Dakota.

In its statement, Summit expressed optimism about the future but didn't offer specifics about how it could build a pipeline without eminent domain authority in South Dakota.

Since the pipeline was proposed, the federal government's approach to climate change also has changed dramatically. Democratic President Joe Biden increased tax incentives under the Inflation Reduction Act and Bipartisan Infrastructure Law to encourage carbon capture as an effort to slow climate change.

However, Republican President Donald Trump has emphasized the need for more oil and gas drilling and coal mining, and has put far less emphasis on alternative energy. Trump has not indicated whether his views will lead to changing federal policy regarding carbon capture pipelines.

___

Dura reported from Bismarck, North Dakota.

Continue Reading...

Popular

Cathie Wood Dumps $11.6 Million Worth Of Tesla Stock: Here Is What Ark Purchased Instead

On Wednesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Says It Will Be a "Season of Surge" for These Three Stocks - Ad

These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. And for Black Friday, Eric Fry is giving away the names, tickers, and full analysis in a first-ever free broadcast.

Black Friday arrives with solid momentum despite tariffs and economic uncertainty

NEW YORK (AP) — may no longer be the retail bacchanalia of years past, when the promise of one-time bargains caused people to leave Thanksgiving tables for malls where some customers got into fistfights over toys or TVs. But the event still has enough enthusiasts to make it the biggest shopping day in the U.S.

Fire that killed at least 44 burns in Hong Kong towers for a second day

HONG KONG (AP) — Firefighters battled one of for a second day Thursday, fighting to control the fire that blackened several high-rise towers and killed at least 44 people. Three men from a construction company were arrested, and rescues were continuing.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Fed Governor Stephen Miran Reportedly Says He Won't 'Inflict Real Harm' On The Economy Just To Prove A Point — Pushes For A Rate Cut

Federal Reserve Governor Stephen Miran signaled his willingness to support the Fed's decisions if it pursues another interest rate cut, instead of issuing another symbolic dissent as he has in the past.

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

NEW YORK (AP) — President Donald Trump denounced ABC News' Mary Bruce as a “terrible reporter” Tuesday and threatened the network's license to broadcast after she asked him three sharp questions at the White House.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

China announces restrictions on chemicals after deal with Trump on fentanyl tariffs

WASHINGTON (AP) — China said Monday it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for President during recent talks with Chinese leader as they aimed to .

Trump Withdraws Support For 'Wacky' Marjorie Taylor Greene In Sudden, Fiery Split: 'I Can't Take...'

President Donald Trump said he is withdrawing his endorsement of longtime ally Rep. Marjorie Taylor Greene — here's what happened.

Elon Says Tesla's Next Move Could "Affect the Future of the World" - Ad

Get ready for what could be the biggest corporate pivot in U.S. history. Tesla insiders are preparing for a dramatic new launch (not driverless cars) but something far bigger. You're almost out of time to prepare.

Jim Cramer: Chipotle Is 'Too Expensive,' Buy This Plane Maker

On "Mad Money," Cramer discusses Henry Schein, Bloom Energy, Tyler Technologies, Boeing and Chipotle Mexican Grill.

JPMorgan Forecasts Bitcoin Bottom, Anticipates $28.3 Trillion Challenge To Gold By 2026

Analysts at JPMorgan have pinpointed the lowest point of the ongoing Bitcoin (CRYPTO: BTC) price fall and also projected a substantial chall

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Declares This Year's "Season of Surge" - and the Timing Couldn't Be More Perfect. - Ad

These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. And for Black Friday, Eric Fry is giving away the names, tickers, and full analysis in a first-ever free broadcast.

MacKenzie Scott Has Donated More Than $19 Billion, Yet Her Wealth Grows Faster

MacKenzie Scott, the billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos, has donated a staggering $19.25 billion since 2020.

Cathie Wood Bets Big On These Stocks As Bitcoin, Ethereum Crash —Dumps Instagram Rival

On Tuesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its holdings in Bullish (NYSE:BLSH), Coinbase Glo

Global Demand for Defense Metals Is Surging 7X - Ad

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

Trump administration moves to loosen restrictions it once supported on a harmful pollutant

WASHINGTON (AP) — Near the end of his first term, President Donald Trump signed into law a bill that and air conditioners. The bipartisan measure brought environmentalists and major business groups into rare alignment on the contentious issue of climate change and won praise across the political spectrum.

Is Nvidia About to Spark Another 150X Opportunity This Black Friday? - Ad

Nvidia once handed investors the chance to make 150X on its breakthrough AI chips. Now, legendary investor Louis Navellier says a new invention-perfectly timed for Black Friday-could be even bigger.

What's Going On With Surf Air Mobility Stock Monday?

Surf Air Mobility raises $26M equity and partners with Palantir to advance SurfOS software, expand engineering.

Black Friday Alert: Huge Tesla Shift Ahead? - Ad

Tesla could be on the verge of its biggest change ever. Insiders are warning of a coming "critical inflection point" that could have ripple effects across the entire stock market. Do NOT buy or sell Tesla stock during Black Friday week until you see this.

Peloton Stock Rallies After Q1 Earnings: Here's Why

Peloton stock climbs after the company released its first-quarter earnings report after Thursday's closing bell.

Rivian Automotive CEO Gets An Elon Musk-Style Pay Raise

Rivian CEO's new pay plan could be worth up to $4.6 billion over the next ten years.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Why TAL Education, Shake Shack And DexCom Just Appeared On Value Investors' Radars

A trio of stocks made an impressive leap in their Benzinga Edge value scores this week, with one standout making a 138% jump.

Turkey Issues Arrest Warrants For Netanyahu, Other Israeli Officials Over Gaza Genocide: Report

Turkey issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and 36 other officials, accusing them of genocide in Gaza.

BLACK FRIDAY STOCK ALERT: Futurist Eric Fry Says It Will Be a "Season of Surge" for These Three Stocks - Ad

These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. And for Black Friday, Eric Fry is giving away the names, tickers, and full analysis in a first-ever free broadcast.

Consumer sentiment tumbles close to record lows in latest U Michigan survey

NEW YORK (AP) — Consumer sentiment dropped to a three-year low and close to the lowest point ever recorded by the University of Michigan one month into the , with pessimism over personal finances and anticipated business conditions weighing on Americans.

Nvidia, Dell, Coinbase, Gorilla Technology And Archer Aviation: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks closed lower on Monday, with the Dow slipping 1.2% to 46,590.24, the S&P 500 easing 0.92% to 6,672.41, and the Nasdaq dipping 0.84% to 22,708.07. These are the top stocks that gained the attention of retail traders and investors through the day:

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Why Is Sigma Lithium Stock Gaining Friday?

Sigma Lithium posts Q3 revenue of $28.5M, EPS loss narrows to 10 cents, as sales volumes rise 21% and lithium prices jump 33% Q/Q.

Trump Administration Wins Temporary Supreme Court Reprieve In Fight Over Billions In SNAP Payments For 42 Million Americans

The Supreme Court temporarily froze a lower court ruling that had compelled the Trump administration to immediately provide full federal food benefits to roughly 42 million Americans.

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

Trump Wants Washington Commanders' $3.7 Billion Stadium Named After Him: Report

President Donald Trump is seeking to have the Washington Commanders' new $3.7 billion stadium named after him.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service