A new briefing for Dominion Energy investors by Oil Change International & Friends of the Earth U.S. breaks down some of the major challenges to the completion of the Atlantic Coast Pipeline, which faces significant financial, legal, and regulatory hurdles.
Gas
Briefing: Atlantic Coast Pipeline – Risk Upon Risk
The ACP is facing a triple threat of challenges that combine to present serious obstacles for the project to reach completion, which are are likely to further delay construction and raise the project’s price tag even higher. It would be prudent for investors to question whether pursuing the project further is a wise use of capital.
Banking on Climate Change 2019: Fossil Fuel Finance Report Card
This 10th annual “Banking on Climate Change” fossil fuel finance report card reveals that overall bank financing continues to be aligned with climate disaster, and that financing for fossil fuels has increased every year since the Paris Agreement was signed.
Report Finds Global Banks Poured $1.9 Trillion into Fossil Fuels since Paris Agreement
A report released today endorsed by over 160 organizations around the world reveals that 33 global banks have provided $1.9 trillion to fossil fuel companies since the adoption of the Paris climate accord.
Norway set to divest $1 trillion wealth fund from oil and gas exploration companies
Today, Norway announced plans to divest from roughly 150 companies engaged in oil and gas exploration and production. Our response.
Yet Another Nail in UK Fracking Industry as Gov. Guidelines Ruled “Unlawful”
The UK’s fledgling fracking industry was dealt another significant nail in its coffin today when the High Court ruled that the current guidance from the Government on shale gas is “unlawful”.
The U.S. Oil and Gas Industry Is Drilling Us Towards Climate Disaster
A new study released today by Oil Change International and 17 partner organizations makes it clear that managing a rapid and equitable decline of U.S. fossil fuel production must be a core component of any comprehensive climate policy.
Report: U.S. Oil and Gas Expansion Threatens to Unleash Climate Pollution Equivalent to nearly 1,000 Coal Plants
The U.S. oil and gas industry has the potential to unleash the largest burst of new carbon emissions in the world through 2050, new research released today has found.
Drilling Towards Disaster: Why U.S. Oil and Gas Expansion Is Incompatible with Climate Limits
At precisely the time in which the world must begin rapidly decarbonizing to avoid runaway climate disaster, the United States is moving further and faster than any other country to expand oil and gas extraction.
Senate Committee Pushes McNamee FERC Nomination Forward, Driven by Millions in Fossil Fuel Money
The 13 Senators who voted in the Committee to move McNamee’s nomination forward have taken a combined total of nearly $10 million from the fossil fuel industry – bought and paid for by an industry that accelerates the climate crisis and only cares about protecting their profits.