Today is a major defeat for the Manchin and American Petroleum Institute-approved bill which would have fast-tracked the Mountain Valley Pipeline and other fossil fuel projects.
Approving new gas pipelines and liquified natural gas export facilities would lead to hundreds of millions of tons of carbon dioxide equivalent per year for decades to come.
“All Congress members should speak out publicly to stand with frontline communities and reject Joe Manchin’s dirty deal,” said Collin Rees.
A group of environmental and financial organizations representing over 7,600,000 members and supporters announced the launch of the DivestMVP coalition to highlight the financial instability of the fracked gas Mountain Valley Pipeline.
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.
ACP’s cancellation is the exception that proves the rule. The truth is that fossil fuel companies have worked with federal agencies to permit dozens of projects across the U.S. by ignoring and circumventing laws that protect communities and natural resources and placing corporate profits above all else.
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.
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.
Construction of the Mountain Valley and Atlantic Coast pipelines has been halted for now. It’s time to stop them for good.