Energy companies cancel construction of Atlantic Coast Pipeline

The energy companies cited costs, delays and litigation in announcing the cancellation of the pipeline.

Despite a recent win for the project at the US Supreme Court on Sunday, continued delays, lawsuits, and an expected increase in costs threatened the economic viability of the project.

The pipeline, originally announced in 2014, faced intense criticism and legal challenges from the environment and other groups.

“This announcement reflects the growing legal uncertainty that has outpaced the development of large-scale energy and industrial infrastructure in the United States,” said Dominion Energy head Thomas Farrell. Said. “Until these problems are resolved, the country’s ability to meet its energy needs will be significantly challenged,” he added.

Farrell has invested billions of dollars since the companies were announced, “to complete the project and provide the much-needed infrastructure to our customers and communities,” said Farrell.

The announcement brought cheering from the Natural Resources Defense Council.

“This is tremendous news for West Virginia, Virginians and North Carolinians who deserve to be protected from fresh air, safe water and climate change,” said NRNA lawyer Gillian Giannetti.

“Because these dirty pipes have left their dream, Dominion and Duke should now turn to invest more in energy efficiency, wind and solar energy – this is how it will provide a better future for everyone,” Giannetti said.

US Energy Secretary Dan Brouillette has charged the cancellation of the pipeline over “activists.”

“The well-funded, blocking environmental lobby has successfully killed the Atlantic Coast Pipeline, which will reduce energy costs by providing affordable, abundant and reliable natural gas supply from the Appalachian region for consumers in North Carolina and Virginia.” said.

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