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"This is as close as you can get to the jugular of infrastructure in the United States," said Amy Myers Jaffe, research professor and managing director of the C
by joe_the_user 6y ago
"This is as close as you can get to the jugular of infrastructure in the United States," said Amy Myers Jaffe, research professor and managing director of the Climate Policy Lab. "It's not a major pipeline. It's the pipeline."
About that infrastructure security... this forum has gone over in detail the situation of infrastructure security in quite a bit of detail as other stuff has happened.
It's easy to say "you need to isolate your critical network from your office network" but that costs dollars and time and letting things fall to shit is free 'till the time comes and then other people the price rather than you.
The privately held, Georgia-based company is owned by CDPQ Colonial Partners L.P., IFM (US) Colonial Pipeline 2 LLC, KKR-Keats Pipeline Investors L.P., Koch Capital Investments Company LLC and Shell Midstream Operating LLC.
All the best names of neoliberalism!
- Spooky23 6y agoCompanies like this are tax dodges that socialize risk. The limited partners enjoy fat returns with minimal downside.
- perl4ever 6y agoI'm not sure about these, but there are public limited partnerships that anyone can buy like a stock. If you don't realize what you are getting into, you may regret it because you will get a K-1 at tax time. I don't know if it's any more of a tax dodge than an REIT.
- Spooky23 6y agoThese structures characterize cash flows as return on capital, which defer taxation. There’s a bunch of games played.
- perl4ever 6y agoI didn't think it deferred taxation; just the opposite. That's what I was referring to about the K-1; you pay taxes on the income of the partnership even if you didn't sell any shares.
- Spooky23 6y agoIt depends on your situation. For an smaller scale individual, the paperwork is a pain unless the entity is designed to be used by an individual.