The DivestMVP coalition is seeking new members in its effort to educate the banking and investing community about the threat the Mountain Valley Pipeline poses to communities, waters, lands and climate as well as the losing economics of this project that’s $3 Billion over budget and 3 years behind schedule.
Fitch Ratings, one of the leading firms that provides credit ratings, commentary and economic research, has voiced doubts about the viability of the Mountain Valley Pipeline. In a January 28 issue of its Fitch Wire, the firm stated:
President Joe Biden’s executive order that revoked Keystone XL’s Presidential Permit may be an indicator of his administration’s aversion to long-distance projects in US midstream energy,
- – Corporate Crime Reporter – 2/5/21
- – The Roanoke Times – 2/4/21
- – Charleston Gazette-Mail – 1/28/21
- – Virginia Mercury – 1/27/21
- – The Roanoke Times – 1/30/21
- – The Roanoke Times – 1/19/20
- – Charleston Gazette-Mail – 1/12/21
The Virginia Department of Environmental Quality has denied water quality certification under the U.S. Army Corps of Engineers Nationwide Permit 12 Permit program (NWP12) for any natural gas pipeline “greater than 36 inches inside diameter.” The judgment was part of a December 21 letter from DEQ to the Army Corps’ Norfolk District Office that was released January 4.