The Atlantic Coast Pipeline Has Been Canceled

[douglas9]

The Atlantic Coast Pipeline has been canceled, energy companies leading the project announced Sunday, citing “litigation risk” and uncertainty about the financial viability of the project.

The decision to abandon the pipeline is a win for Native American groups and environmentalists, who argued in a Supreme Court case last month that the pipeline was moving forward under an invalid permit issued by the US Forest Service, in addition to presenting a threat to the ecosystem and scenery. The proposed, 600-mile pipeline would have crossed the 2,200-mile Appalachian Trail, which runs through 14 states between Georgia and Maine. Ultimately, the court ruled in favor of the pipeline companies last month, upholding the permit.

On Twitter, Bill McKibben, founder of environmental group 350.org called Sunday’s announcement “enormous” and thanked the “powerful organizing by tens of thousands of great activists” who opposed the project. Former Vice President Al Gore, who also opposed the pipeline, echoed that sentiment in a statement, saying the move was a “testament to the power that exists in frontline communities across our nation.” (Activists are still fighting the nearby Mountain Valley Pipeline.)


https://www.motherjones.com/environment/2020/07/the-atlantic-coast-pipeline-has-been-canceled/

[OneBlueDotBama]

1. One of the owners, Dominion Energy, just sold their gas....

& gas transmission lines to Buffet's Berkshire...

U.S. Utility Giant Kills Pipeline, Sells Assets to Berkshire

Dominion Energy Inc., the second-biggest U.S. power company by market value, on Sunday said it’s selling substantially all of its gas pipeline and storage assets to Berkshire Hathaway Inc. for $4 billion. In a separate statement, Dominion and its partner Duke Energy Corp. said they’re killing the controversial Atlantic Coast gas pipeline along the U.S. East Coast, citing ongoing delays and “cost uncertainty.”

https://www.msn.com/en-us/money/companies/berkshire-hathaway-buys-dominion-gas-assets-in-97-billion-deal/ar-BB16mHnr

[LastDemocratInSC]

2. A lot of damage has already been done.

Along rights of way. Trees cut, pipeline laid, roads cut through the woods, heavy erosion. A travesty.

[weaponeer]

3. Good

I think this is another sign that the gas and oil industry is beginning to realize the future reality. The new blood moving into the industry management structure is beginning to make a difference.