Duke, Dominion cancel contested Atlantic Coast Pipeline
Source: Associated Press
The developers of the Atlantic Coast Pipeline announced Sunday that they are canceling the multi-state natural gas project, citing delays and increasing cost uncertainty.
Despite a victory last month at the United States Supreme Court over a critical permit, Dominion Energy and Duke Energy said in a news release that “recent developments have created an unacceptable layer of uncertainty and anticipated delays” for the $8 billion project designed to cross West Virginia and Virginia into North Carolina.
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The project announced in 2014 has drawn fierce opposition from a coalition of landowners, activists and environmental advocates, who said it would damage pristine landscapes and harm wildlife. They also questioned whether there was sufficient need for the gas it would carry and said it would further encourage the use of a fossil fuel at a time when climate change makes a shift to renewable energy imperative.
Legal challenges brought by environmental groups prompted the dismissal or suspension of numerous permits and led to an extended delay in construction. The project was years behind schedule and the anticipated cost had ballooned from the original estimate of $4.5 billion to $5 billion.
Read more: https://apnews.com/5e4dec29b0da663e6243a71aea016940
Grassroots.
= new reply since forum marked as read
of uncertainty and anticipated delays...”
Recent developments such as the UN-likelihood of Trump being re-elected?
rocktivity
