Atlantic Coast Pipeline Dies

Atlantic Coast Pipeline Canceled – Legal Battles & Green Energy

Duke Energy and Dominion Energy announced the cancellation of the Atlantic Coast Pipeline.  Referred to as the ACP, the Atlantic Coast Pipeline was delayed due to increasing cost, on going delayed and general uncertainty.  This is despite a strong 7-2 supreme court decision which authorized continued development.

The ACP’s History

The Atlantic Coast Pipeline launched in 2014.  A lack of energy supply and distribution plagued schools, businesses, and families.  Even national defense installations across North Carolina needed more energy. The region’s coal fired electric generator retired.  The surrounding areas needed access to a low-cost and low-emitting natural gas. The Atlantic Coast Pipeline’s history starts here.  Designed to boost the economy, the pipeline is touted as a job creator.  This pipeline cancellation is bad economic news in areas impacted by the decision.  Domino Energy and Duke Energy planned to create thousands of jobs.

Fossil Fuel Company Bailouts Under the Trump Administration

While this is a solid win for environmentalists; there are still attempts for fossil fuel company bailouts across the federal government. The decline of fossil fuel demand during the pandemic is unavoidable.  There are less people going out.  Therefore, there are more people staying home.  Less cars on the road leads to less demand for fossil fuels.  However, the government is still offering fossil fuel company bailouts with the Covid-19 Stimulus Package in early March 2020.  Fossil Fuel Company bailouts are happening, despite the win.  So what’s next?

Pipeline Fights Around the Country

There are other oil pipeline fights in the pipeline.  For example, the Keystone XL pipeline received a ruling from the Supreme Court. Environmentalists won a verdict requiring the Keystone XL to abide by a
rigorous environmental review process. Additionally, Minnesota utility regulators are supporting Engridge Energy’s Lin 3 oil pipeline.  The PUC is a five-member pane of state regulators that oversee pipelines and monopoly utilities.  They rejected arguments from opponents which contended new evidence surfaced since they approved the project two years ago.  Other oil pipeline fights also include the Jordan Cove Project in Oregon.  Together
they mark a shifting landscape that favors the health of land over profits.

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