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UPDATE 1-U.S. appeals court approves ETP's Bayou Bridge pipeline construction [Reuters]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Reuters
UPDATE 1-U.S. appeals court approves ETP's Bayou Bridge pipeline construction | Reuters Reuters Staff 3 Min Read (Adds case name, court and number) By Swati Verma and Liz Hampton March 16 (Reuters) - A U.S. appeals court overturned a District Court’s preliminary injunction that prevented construction on part of Energy Transfer Partners LP’s Bayou Bridge crude oil pipeline in the Atchafalaya Basin of Louisiana. In February U.S. district judge Shelly Dick issued a temporary injunction preventing work on an extension to the Bayou Bridge system, revoking a permit and siding with environmentalists and fishermen who expressed concerns about its potential effect on the local economy and wildlife. “Judge Dick’s ruling ran counter to the collective efforts of federal, state, and local regulatory officials, who thoroughly reviewed – and ultimately approved – the Bayou Bridge Pipeline for construction,” Thursday’s court filing said. The disputed 162-mile (261-km) pipeline is an extension to an e Show less Read more
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