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.