The Texas billionaire who has Greenpeace USA on the verge of bankruptcy

illuminem summarizes for you the essential news of the day. Read the full piece on The Wall Street Journal or enjoy below:

🗞️ Driving the news: Billionaire Kelcy Warren, founder of Energy Transfer, is pursuing a lawsuit against Greenpeace that could bankrupt its U.S. affiliate
• The case stems from Greenpeace’s role in the 2016 Dakota Access Pipeline protests, which Warren claims caused financial losses and incited property damage

🔭 The context: Energy Transfer is suing Greenpeace for $300 million, alleging that the environmental group incited violent protests and spread misinformation about the pipeline
• Greenpeace asserts its involvement was limited and the lawsuit is a threat to free speech, potentially setting a dangerous precedent for activist groups

🌍 Why it matters for the planet: The lawsuit could have a chilling effect on environmental activism, weakening efforts to challenge fossil fuel projects and confront climate change
• Greenpeace USA plays a critical role in the U.S. green movement, and its potential loss would reduce pressure on the oil and gas industry

⏭️ What's next: The case is set for trial in February 2025 in North Dakota, with Greenpeace preparing for possible bankruptcy if the verdict favors Energy Transfer
• Meanwhile, environmentalists fear this legal strategy may be adopted by other corporations to silence critics

💬 One quote: “He enjoys business so very much because he sees it as a game,” said Charlie Waters, a former Dallas Cowboys football player who worked at Warren’s company. “He’s so damn competitive” 

📈 One stat: Energy Transfer is seeking $300 million in damages, enough to likely bankrupt Greenpeace USA

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