The Federal Energy Regulatory Commission (FERC) today released its Final Environmental Impact Statement for the Mountain Valley Pipeline. As has been the pattern at FERC, the review fails to adequately assess whether the pipeline is needed in the first place, while sweeping aside the project’s serious threats to water resources, the safety of communities, and the climate.
Big banks’ business as usual is killing the climate. From 2014 to 2016, big banks around the world poured $290 billion into extreme fossil fuel companies and failed to respect human rights.
We find that Energy Transfer Partners’ Rover Pipeline would lead to annual emissions of nearly 145 million metric tons of carbon dioxide equivalent. This would be the equivalent of adding 42 coal-fired power plants or over 30 million passenger vehicles.
As controversy swirls around a string of spills and air and water violations caused by Energy Transfer Partners’ construction of the Rover gas pipeline, a study released today underlines another reason federal regulators should halt the project: It will fuel a massive increase in climate pollution.
“In the wake of Trump’s destructive withdrawal from the Paris Accord, there’s no excuse for Senators to sit on the sidelines, let alone greenlight two more fossil fuel industry allies to serve on FERC.”
As Donald Trump appears poised to pull the U.S. out of the Paris Climate Agreement and further entrench the power of the fossil fuel industry within our federal government, state and local action on climate becomes ever more crucial.
Tomorrow morning, the Senate Committee on Energy and Natural Resources is set to grill Trump’s two nominees to the Federal Energy Regulatory Commission (FERC), the primary federal agency that oversees the permitting of interstate gas pipelines.
Across North America and beyond, a growing movement of communities, tribes, and cities is pushing banks to divest from dirty pipelines – going directly after the money that enables the construction of new fossil fuel infrastructure. Now landowners in Virginia and West Virginia are opening up a new front in the push to #DefundPipelines.
Residents of Virginia and West Virginia opened up a new front today in their fight to stop the 301-mile Mountain Valley Pipeline: targeting the major U.S. ‘main street’ banks on tap to finance the fracked-gas project’s $3.5 billion price tag. The banks are identified in a new analysis released today by Oil Change International that examines how the pipeline will be financed.
This analysis examines the banks that are in line to finance the Mountain Valley Pipeline, a 301-mile, $3.5 billion fracked-gas project proposed to run from West Virginia through south central Virginia.