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Message 11 of 15

MsStretch posted..

Gas pipelines and fossil fuels are not the future. Smart companies know better than to tie their assets to a dinosaur.

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Dinosaur?

FYI...


Nationwide, natural gas heats most homes. But regionally, other fuels dominate. About 48 percent of all U.S. homes use natural gas for heating, while electricity is used in 37 percent, U.S. Census Bureau data show. About 14 percent use other fuels.

 

And gas is used in cooking in homes and restaurants. 

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Message 12 of 15

   From the current head of US Energy Department today:   The decision by builders to cancel the construction of the Atlantic Coast Pipeline is "disappointing" but "economically rational," Energy Secretary Dan Brouillette said Monday after companies scrapped the 600-mile natural gas pipeline that had originally been planned in 2014.

 

    Oh my, he will be gone soon for understanding how irrational it was to build the pipeline.    Meanwhile, Fox also noted that Insurance Companies in Canada are also backing away from the Transmountain Pipeline.   

PRO-LIFE is Affordable Healthcare for ALL .
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Message 13 of 15

👍👍

 

Gas pipelines and fossil fuels are not the future.  Smart companies know better than to tie their assets to a dinosaur.

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Message 14 of 15

Great news!

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Donald cannot even give it away

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Message 15 of 15

Oh my!    Donald and his promises for jobs and pipelines has failed - extraordinarily so.    

 

Dominion Energy said Sunday that it’s selling substantially all of its natural gas pipeline and storage assets to Berkshire Hathaway Inc. for $4 billion, along with Berkshire’s assumption of $5.7 billion in debt. In a separate statement, the Richmond, Virginia-based company said it also decided with partner Duke Energy Corp. to kill the controversial Atlantic Coast gas pipeline along the U.S. East Coast, citing ongoing delays and “increasing cost uncertainty.”

“We offer an industry-leading clean-energy profile,” Dominion Energy Chief Executive Officer Thomas F. Farrell said in a statement, citing the company’s goal of reaching net-zero emissions by 2050 and carbon-free electricity generation.

Atlantic Coast is the latest gas pipeline to be scrapped by developers after years of delays and mounting costs. Williams Cos. earlier this year pulled the plug on the Constitution natural gas pipeline that would run from Appalachia to New York. Gas projects across America are facing intensifying opposition as local governments and environmentalists push for a transition away from fossil fuels.

 

and of course:  Dominion said it will use $3 billion of the proceeds to buy back shares. The company cut its projected 2021 dividend payment to around $2.50 a share...

 

 

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