WSJ: Energy Transition Stalls Fossil-Fuel Projects in U.S.

first_img FacebookTwitterLinkedInEmailPrint分享Amy Harder and Erin Ailworth for the Wall Street Journal:Many major fossil-fuel projects across the U.S., from pipelines to export terminals, have been shelved or significantly delayed because of a confluence of new regulations, grass-roots opposition and a drop in energy prices.Overall, more than a dozen projects, worth about $33 billion, have been either rejected by regulators or withdrawn by developers since 2012, with billions more tied up in projects still in regulatory limbo.The trend leaves some communities without access to lower-cost fuel and higher-paying jobs while also reflecting a growing wariness in the public’s eye of fossil fuels.Cancellations are affecting the coal industry’s bid to ship its product through the Pacific Northwest, where local communities are increasingly opposed to fossil fuels due to climate-change concerns.In May, the U.S. Army Corps of Engineers rejected a proposed $850 million coal-export terminal proposed for Cherry Point, Wash., a forested, coastal area two hours north of Seattle where two oil refineries and an aluminum facility operate. The agency concluded the proposed terminal would violate tribal fishing rights of the Lummi Nation.The Lummi Nation, which says it has called the Cherry Point region its home for thousands of years, asked the federal government to reject the project in early 2015, supported by a broad array of environmental groups.As with other fossil-fuel projects—including the Keystone XL oil pipeline that President Barack Obama rejected last year—an alliance between Native American tribes and environmental groups proved formidable.Overall, five of the six export projects proposed in the Pacific Northwest in recent years have been shelved by developers or rejected by government regulators. The other project, near Longview, Wash., is awaiting approval.Coal projects face the biggest challenges, but oil and natural-gas companies are also facing headwinds. One natural-gas pipeline proposed for the Northeast was scrapped and another rejected in recent months.Full article ($): Fossil Fuels’ Unpopularity Leaves a Mark WSJ: Energy Transition Stalls Fossil-Fuel Projects in U.S.last_img

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