New Money Behind the Mountain Valley Pipeline: Eight U.S. Banks Dominate the Top 10 Backers

November 12, 2020By OCI TeamBriefings, Stopping Carbon Lock-In 1 Comment

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.

Briefing: Atlantic Coast Pipeline – Risk Upon Risk

March 25, 2019By Lorne StockmanBriefings 3 Comments

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.