US main street banks like Wells Fargo and Bank of America have provided loans to Mountain Valley Pipeline since the beginning. These banks have continued pouring money into the project over recent years, despite numerous warnings that the project has been financially unsustainable, a threat to the climate and environmental justice communities in Appalachia.
The Department of Energy has declined to endorse a standard for “certified” or “responsibly sourced” methane gas following pressure from a large coalition of climate and environmental justice organizations.
Last week Gas Leaks, Earthworks and Oil Change International launched the Certified Disasters campaign and sent a letter signed by 148 organizations demanding the agency halt its involvement in certification schemes, which are being used to market methane gas as “clean” and justify the construction of gas export facilities, pipelines, power plants and gas-dependent buildings.
More than 500 groups from six continents and 63 countries sent a letter to President Biden today demanding he stop fossil fuel expansion ahead of UN Secretary General Antonio Guterres’s Climate Ambition Summit this September.
The Biden administration’s claims that the Mountain Valley Pipeline would help Europe or benefit national security — in Europe, in the United States, or anywhere else — are wildly unfounded.
Despite fierce local and national opposition, the Federal Energy Regulatory Commission approved new LNG projects in South Texas at a time when we so clearly must transition away from fossil fuels.