A new report by Oil Change International on the Mountain Valley Pipeline (MVP) reveals that banks have continued pouring money into the project over recent years, despite numerous warnings that the project has been financially unsustainable and a threat to the climate.
This analysis, an update to our 2017 report, reveals that the estimated cost of the Mountain Valley Pipeline has nearly doubled since 2017, increasing the potential project cost from USD 3.5 billion to between $6.3 and $6.5 billion.
Water and climate advocacy organizations submitted comments and signatures from more than 43,000 people demanding that the Federal Energy Regulatory Commission (FERC) deny the fracked gas Mountain Valley Pipeline more time to construct the pipeline.
The abuses, risks and climate pollution of the Atlantic Coast Pipeline have a clear set of financiers, led by the nation’s largest commercial bank, Bank of America.
FERC has ignored all the evidence and certified these destructive gas pipeline projects as ‘convenient and necessary’ – when in fact they are neither.
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.
Our new analysis finds that the controversial PennEast Pipeline for fracked gas could contribute as much greenhouse gas pollution as 14 coal-fired power plants or 10 million passenger vehicles.
As part of a series of briefings on proposed Appalachian gas pipelines, Oil Change International’s new analysis finds that the PennEast Pipeline would result in the emissions equivalent the 14 coal plants, or 10 million passenger vehicles.
Part of a series of briefings on proposed Appalachian gas pipelines, Oil Change International finds that the Atlantic Coast Pipeline would cause the emissions equivalent of 20 coal plants or 14 million passenger vehicles.
Part of a series of briefings on proposed Appalachian gas pipelines, Oil Change International finds that the Mountain Valley Pipeline would cause the emissions equivalent of 26 coal plants or 19 million passenger vehicles.
A new report out from Oil Change International, in partnership with 11 other local, regional, and national organizations, shows that current projections for U.S. natural gas production – fueled by a boom in the Appalachian Basin – will lock in enough carbon to bust through agreed climate goals.