Investors Are Reevaluating The Mountain Valley Pipeline
During a recent hearing about the Federal Energy Regulatory Commission’s (FERC’s) policy statements about fracked gas certificates, Sen. Joe Manchin of West Virginia, the chair of the Senate Committee on Energy and Natural Resources, defended the MVP. Manchin claimed the pipeline is 95 percent completed, but opponents cite the company’s own reports, which indicate “final restoration of the pipeline right-of-way is now about 55% complete.”
Moreover, two recent federal court rulings have thrown out key MVP permits, as three more federal agencies have been sent back to the drawing board after failing to analyze the MVP’s harmful impacts. The court ruled that the United States Forest Service and the Bureau of Land Management inadequately considered actual sedimentation and erosion impacts, prematurely authorized stream crossings, and failed to comply with a Forest Service rule.