As Fossil Fuel Pipelines Fall to Opposition, Utilities See Renewable Energy as Safe Bet

By Jeff St. John, Senior Editor, Greentech Media

Legal challenges halted several major pipeline projects across the U.S. in recent days, underscoring a seismic shift facing the U.S. utility industry: the rise of renewables as a potentially less costly and risky alternative to fossil fuels. Over the weekend Dominion Energy and Duke Energy, two of the country’s biggest utilities, canceled their Atlantic Coast Pipeline project, citing costs that have ballooned to as much as $8 billion and ongoing legal challenges from landowners and environmental groups. The pipeline’s legal challenges include an April federal court decision overturning Nationwide Permit 12, a federal permit authority allowing pipelines to cross waterways and wetlands, which threatens the viability of projects including the massive Keystone XL oil pipeline. Continue reading here.

Previously Posted
In A Post-Pandemic World, Renewable Energy Is The Only Way Forward, by Senior Contributor Enrique Dans, Forbes. A post-pandemic economic reconstruction based on restructuring the energy map makes sense. We know we have to do it, and we know the reason we haven’t done it so far is because it challenges the interests of a powerful few.

MORE ON FOSSIL FUEL PIPELINES

  • Judge orders Dakota Access pipeline shut down pending review, Omaha World-Herald
    FARGO, N.D. — A federal judge on Monday ordered the Dakota Access pipeline shut down pending a more thorough environmental review, handing a victory to the Standing Rock Sioux Tribe three years after the pipeline first began carrying oil following months of protests.
  • US Supreme Court deals blow to Keystone oil pipeline project, Omaha World-Herald
    BILLINGS, Mont. (AP) — The U.S. Supreme Court handed another setback to the Keystone XL oil sands pipeline from Canada on Monday by keeping in place a lower court ruling that blocked a key environmental permit for the project. Canadian company TC Energy needs the permit to continue building the long-disputed pipeline across U.S. rivers and streams.

TESLA

Tesla’s Success Is Good News For Everyone, by Senior Contributor Enrique Dans, Forbes
The company is now the gold standard for an industry that for too long has innovated reluctantly and at a snail’s pace. 

ACQUISITION NEWS

Sunrun to acquire Vivint Solar for $3.2 billion in all-stock transaction, PV Magazine
The new, bigger Sunrun will have 500,000 customers and more than 3 GW of solar power assets. Is there value in scale in residential solar?

THERMAL ENERGY STORAGE

Storing Heat Energy Offers $300bn Opportunity To Cut Carbon Emissions, by Mike Scott, Forbes. Thermal energy storage allows polluting industries to clean up and reduce emissions.