Virginia
Related: About this forumVirginia Legislators: Mountain Valley Pipeline is an "Environmental Catastrophe"
Mountain Valley Pipeline has had a very bad few months.
Since December, the project has suffered a series of disastrous legal and regulatory losses. These are just the latest blows to the partially built 303-mile pipeline, first proposed in 2014 but already years behind schedule and billions over budget, that would transport fracked natural gas from West Virginia to Virginia.
In December, Virginias Air Pollution Control Board voted 6-1 to deny a permit to build a compressor station for MVP Southgate a 75 mile extension that would extend MVP from Virginia to North Carolina. Southgate already had failed twice to obtain required permits from North Carolinas Department of Environmental Quality for the pipeline itself.
In January and February, unanimous panels of the Fourth Circuit Court of Appeals yanked permits needed to cross land within the Jefferson National Forest, as well as a key biological opinion from the Fish and Wildlife Service, which is required under the Endangered Species Act. In each case, this was the second time the Fourth Circuit had revoked these permits. The full Fourth Circuit later refused to even consider MVPs requests to reconsider those panel decisions.
In early April, as discussed at length here, MVP had a very bad day before the D.C. Circuit Court of Appeals, when questions posed by a three judge panel during oral argument on the certificate of public convenience and necessity issued by the Federal Energy Regulatory Commission led many to believe that MVP may lose that certificate when the court issues its decision. The FERC certificate is the foundational permit required for the project.
Read more: https://bluevirginia.us/2022/05/virginia-legislators-mountain-valley-pipeline-is-an-environmental-catastrophe
Best_man23
(5,124 posts)"For about seven years, the Mountain Valley Pipeline project has forged through a raft of legal challenges and regulatory hurdles that ultimately doomed several other projects in the region. The $6.2 billion, 304-mile natural gas pipeline system would span from northwestern West Virginia to southern Virginia. The line is more than 90% constructed, according to pipeline developers, with an aim of transporting Appalachian shale gas to the eastern U.S.a cherished goal for the gas industry.
EQM Midstream Partners would operate the pipeline, and it owns a significant interest in the project."
https://news.bloomberglaw.com/environment-and-energy/mountain-valley-pipelines-up-and-down-legal-journey-explained
AND....Who has a financial interest in EQM and the Mountain Valley Pipeline???
"To fund the deal, EQM would issue $1.1 billion of series A convertible preferred units, expected to close at the same time as the deal closing, scheduled for or about April 15. The preferred units would be sold to funds managed by BlackRock Inc., GSO Capital Partners LP and Magnetar Capital Partners LP as lead investors; and Carlyle Group LP and Foundation Infrastructure Partners in connection with Neuberger Berman BD LLC Private Credit as supporting investors."
https://www.spglobal.com/marketintelligence/en/news-insights/trending/Uqyz7gI6gHcry4gZyIu9lQ2