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A federal judge in Washington, DC ruled yesterday that the Dakota Access Pipeline must shut down and empty all its oil until the government completes an environmental review of the pipeline’s impacts, giving the Standing Rock Sioux Tribe, whose reservation lies downstream, a huge victory. Similarly, late in the day, the Supreme Court refused to overturn the order of a district judge that shut down construction of parts of the Keystone XL pipeline so it is also blocked for now. But, but, but — the Supreme Court agreed, without any explanation, to the Trump Administration’s request to allow construction to continue on all other pipeline projects covered by the same flawed nationwide permit as the Keystone XL pipeline.
Why It Matters: The Dakota and Keystone XL good news is tempered by the fact that numerous other pipeline projects can go ahead despite their inadequate permit unless they are individually challenged in court and blocked. The “split” decision by the Supreme Court to rule against Keystone but let every other pipeline project go forward will lead to further litigation and uncertainty — ultimately a lose-lose. Ironically, Dominion Energy shuttered its Atlantic Coast Pipeline (ACP) project yesterday arguing that construction was blocked by the very order the Supreme Court threw out today. Despite today’s SCOTUS ruling, it should remain canceled — the ACP has too many environmental justice issues to move ahead.
As Greentech Media reported, oil and gas giant BP announced yesterday that it will cut its oil and gas output by 40% by 2030 and increase its low-carbon investment tenfold by then as it begins to detail its 2050 net-zero strategy. This announcement comes after BP head of strategy Giulia Chierchia told investors on a […]
Investment in electric vehicles and their components and infrastructure continue to grow in spite of the pandemic and economic downturn, not to mention the infancy of the market.According to MarketWatch.com, there is “sky high” investor interest in clean energy and electric vehicle companies.
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