The Energy East Pipeline Is Toast

Witness the overall demise of fossil fuel pipelines, thanks in part to the hard work of amazing activists, and in part to the fact that the value of these pipelines is dropping fast, which in turn, can be attributed in no small part to the hard work of amazing activists. And now, the latest:

From The Globe and Mail:

TransCanada scraps controversial Energy East Pipeline project

TransCanada Corp. has pulled the plug on its controversial $15.7-billion Energy East Pipeline proposal, after slowing oil sands growth and heightened environmental scrutiny raised doubts about the viability of the project.

In a terse statement Thursday morning, TransCanada said it has reviewed the "changed circumstances" and would be informing the National Energy Board that it would no longer proceed with the project, including the related Eastern Mainline, a natural gas pipeline that complemented the crude-carrying Energy East.

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I was distressed to find many people who are essentially pro-environment and who generally understand climate change science being less than terribly shocked about the prospect of the Keystone XL pipeline being built.
This is a press release from the Natural Resources Committee Democrats, US House of Representatives concer
This just in from Jason at 350.org: Friends, The moment is here: about an hour ago, some of big oil's best paid Senators filed an amendment supporting construction of Keystone XL to the Senate's budget bill.
Earlier this week, House Energy and Commerce Committee Chairman Henry Waxman warned Secretary of State Hillary Clinton in a letter that approving the Keystone XL pipeline would be "a step in the wrong direction" and criticized the State Department's limited environmental impact state

I would like to think it isn't just (or primarily) political activists doing this, but fears for future oil demand driven by the growing electric vehicle juggernaught. One can join in this change by considering an electric or plugin car for your next vehicle. Once oil companies get the message (and I don't think they are not being willfully blind when they determine how to spend money), investments in future capacity will plummet.

By Omega Centauri (not verified) on 05 Oct 2017 #permalink