Report: The Vanishing Need For The Atlantic Coast Pipeline
Diminishing consumer demand coupled with more affordable renewables are casting doubt on the overall feasibility and potential profitability of the Atlantic Coast Pipeline, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) and Oil Change International. The report, The Vanishing Need for the Atlantic Coast Pipeline, raises new questions about the future viability of the pipeline, a multi-billion-dollar project to deliver natural gas from northern West Virginia to Virginia and North Carolina. “The demand outlook for gas has changed dramatically since the project’s inception and much of the original justification for the pipeline has evaporated,” said Cathy Kunkel...