Anti-Drilling/Fossil Fuel | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Regulation
Biden EPA Pressures Army Corps to Deny Fed Water Permit for MVP
In a letter dated May 27, federal Environmental Protection Agency (EPA) Wetlands Branch Chief Jeffrey Lapp pressured the U.S. Army Corps of Engineers to deny Equitrans’ Mountain Valley Pipeline (MVP) a Section 404 Clean Water Act permit that would allow the 303-mile pipeline project (now 92% complete) to finish crossing some 300+ streams and swamps in West Virginia and Virginia. Gee, the Biden EPA trying to close down an almost completed pipeline project. Why are we not surprised?
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Although Mountain Valley Pipeline (MVP), a 303-mile project from West Virginia to southern Virginia to flow Marcellus/Utica molecules south (critically needed) is under withering attacks by America-hating leftists, the project soldiers on and (we hope) will get completed. Part of the charade the project must engage in to get finished is bowing to the global warming gods. The latest attempt to appease the warming gods is an announcement yesterday by MVP that it will purchase “carbon offsets” (the old Catholic equivalent of buying indulgences for sins) to help the builder, Equitrans, reach its goal of mythical net-zero carbon emissions by 2050.
Antis and leftwing environmentalists in New Jersey continue their mission to block more natural gas from flowing to New York City, threatening the residents of the city, by attacking two compressor stations in the NJ suburbs. The latest conscripts to the holy mission of defeating “fossil fuels” can be found among the weaklings who sit on the Vernon Township (NJ) Council, who voted 4-1 to oppose a proposed expansion of Tennessee Gas Pipeline Company’s compressor station in Wantage (Sussex County).
Seneca Resources Company, the exploration and production subsidiary of National Fuel Gas Company (NFG), is the latest company to jump on the ESG (environmental, social, governance) bandwagon. Seneca is partnering with NexTier Oilfield Solutions, an oilfield services company that fracks and completes wells for companies like Seneca, to study the carbon emissions that come from fracking shale wells.
One year ago, in July 2020, we brought you the bombshell news that Dominion Energy was calling it quits in the pipeline business, abandoning the Atlantic Coast Pipeline project (on which they had already spent billions of dollars) and selling its existing (extensive) pipeline network to Warren Buffett for $9.7 billion (see 
How can anyone say, with a straight face, that Biden has been “better for fossil fuel companies” than Trump? Some very short-sighted individuals say we should look at the price of oil and gas, and the stock price of oil and gas companies, and pronounce that Biden has actually been better for our industry than four years of Donald Trump. Yet Biden’s own Treasury Secretary, Janet Yellen, is warning Big Banks to quit funding fossil fuel companies…or else. She is threatening them! This isn’t Stalin’s Soviet Union!! It’s the land of the free and the home of the brave. Or at least it used to be.
OTHER U.S. REGIONS: TotalEnergies terminates $700M deal with Tellurian for Driftwood LNG; NATIONAL: U.S. oil mergers surge as energy, share prices recover from pandemic; Biden tax increases show higher energy costs are a goal, not a glitch; Natural gas prices still have room to run; INTERNATIONAL: North sea rig used for Marvel Black Widow movie; Supply struggles, not just demand, are fuelling LNG’s price surge.