By Brigham McCown, Real Clear Policy, November 23, 2016
The 2016 election will go down in history as one of the more toxic and divisive in modern American history. Yet it is worth considering at least one issue that received near universal support from both candidates: the need to invest in infrastructure.
Political leadership has long viewed infrastructure investments by the private sector as the backbone of the U.S. economy. Politicians praise transportation, telecom, water, and energy infrastructure as the very lifeblood of our economy, seamlessly moving the supplies, energy, and information to where it is needed. As Donald Trump himself stated moments after winning the presidential election, “We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”
In recent years, the Progressive Policy Institute (PPI) created a benchmark by which to compare American companies in the quality and quantity of their investments through its annual “Investment Heroes” report. Investment increased ever so slightly in PPI’s report this year, fueled in large part by private investments into pipeline infrastructure. Energy Transfer Equity (ETE) — the parent company of the Dakota Access pipeline — was ranked fourth on their new Investment Heroes list, spending an estimated $9 billion in the economy in 2015. ETE is taking great strides to catalyze the growth of the American economy through Dakota Access and its other energy infrastructure projects.