Tag Archives: Federal Energy Regulatory Commission (FERC)

‘Alarming’: FERC Ignores Climate Impacts and Rubber-Stamps Texas Pipeline

“The world does not need more LNG, and FERC is out of step with the reality of the climate crisis and communities impacted by these projects,” one advocate said.

By Olivia Rosane. Published 2-15-2024 by Common Dreams

Culberson County Hospital (left) and Van Horn Rural Health Clinic (right) are shown in Van Horn, Texas, where residents are concerned about the local health system’s ability to cope with a major pipeline explosion. (Photo: Texas.pics/Wikipedia/CC BY-SA 3.0)

The Federal Energy Regulatory Commission approved a controversial pipeline on Thursday despite opposition from local and Indigenous communities and without considering its climate impacts.

The commission limited its review of the Saguaro Connector Pipeline to a 1,000-foot stretch of the project on the Texas and Mexican border. If built, the pipeline could transport as many as 2.8 billion cubic feet of fracked gas per day to an export facility in Mexico, where it would be shipped to Asia and Latin America. The decision comes weeks after the Biden administration paused Department of Energy (DOE) approvals of new liquefied natural gas (LNG) exports while it updates its assessment criteria.

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‘Hard-Won Movement Victory’: MVP Extension in NC Halved

“Mountain Valley Pipeline and its Southgate extension have been poorly conceived from the beginning, but today some of the communities in harm’s way can breathe easier,” said one campaigner.

By Jessica Corbett Published 12-30-2023 by Common Dreams

*Photo: Anne_Way_Bernard/Oil Change International*

Frontline critics of the Mountain Valley Pipeline celebrated after Equitrans Midstream revealed Friday in a Securities and Exchange Commission filing that the distance of the proposed Southgate extension project has been cut in half.

The partially completed MVP project—long delayed by legal battles until congressional Republicans and President Joe Biden included language to fast-track it in a debt limit deal earlier this year—is set to cross 303 miles of Virginia and West Virginia.

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Gulf Oil Spill Shows ‘Danger of Banks Owning Energy Companies’

“The Federal Reserve must enforce the Bank Holding Company Act and disallow Wall Street banks from controlling energy infrastructure, as it poses systemic risks,” said a Public Citizen campaigner.

By Jessica Corbett. Published 11-23-2023 by Common Dreams

*An aircrew detected oil in the Gulf of Mexico on November 16, 2023. (Photo: USCG Heartland/X)*

Banking giant JPMorgan Chase has financial ties to a company that owns the pipeline suspected of leaking up to 1.1 million gallons of oil into the Gulf of Mexico—a situation that watchdogs say demonstrates the danger of such business relationships.

“JPMorgan’s control over a company involved in a massive oil spill in the Gulf of Mexico clearly illustrates the danger of banks owning energy companies,” Tyson Slocum, director of consumer watchdog Public Citizen’s Energy Program, declared Wednesday.

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Tag Archives: Federal Energy Regulatory Commission (FERC)

Gulf Oil Spill Shows ‘Danger of Banks Owning Energy Companies’

“The Federal Reserve must enforce the Bank Holding Company Act and disallow Wall Street banks from controlling energy infrastructure, as it poses systemic risks,” said a Public Citizen campaigner.