By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Stocks > Biden admin supports Mountain Valley Pipeline for second time in week
Stocks

Biden admin supports Mountain Valley Pipeline for second time in week

News Room
Last updated: 2023/05/20 at 10:18 PM
By News Room
Share
3 Min Read
SHARE

© Reuters. FILE PHOTO: Lengths of pipe wait to be laid in the ground along the under-construction Mountain Valley Pipeline near Elliston, Virginia, U.S. September 29, 2019. Picture taken September 29, 2019. REUTERS/Charles Mostoller/File Photo

By Timothy Gardner

WASHINGTON (Reuters) – The Biden administration has supported for the second time in a week the Mountain Valley pipeline, a project a key Democratic senator has pushed in legislation to speed permitting of fossil fuel and power transmission projects.

Equitrans Midstream (NYSE:) Corp’s $6.6 billion Mountain Valley Pipeline has been opposed by environmental activists, but has won the backing of Biden administration officials, including Secretary of Energy Jennifer Granholm. She has said the United States must concentrate on energy security as well as the transition to renewable energy.

“The Bureau of Land management (BLM) today issued a Record of Decision for the Mountain Valley Pipeline,” the office, part of the Department of Interior, said in a release. “The BLM is moving forward with the next step, processing the revised right-of-way application for the project.”

A BLM official said in an interview that the legal decision on the right of way had been made but not sent to the company yet. As part of the decision, the company cannot start construction until it receives remaining federal and state permits, the official said.

Senator Joe Manchin, a conservative Democrat from West Virginia, has introduced a bill to speed fossil fuel and transmission line projects to transport power from renewable projects. His bill calls on the Biden administration to approve the pipeline that would run through his state. Manchin’s legislation is one of several proposals in Congress on permitting.

The pipeline, which would unlock gas supplies from Appalachia, the country’s biggest shale gas basin, still needs review and permitting including in West Virginia. The project could still be held up or blocked by lawsuits from opponents.

Manchin said the BLM move was “the next step in the process to finally complete this vital piece of energy infrastructure that will strengthen our energy and national security, boost the economy in West Virginia and benefit the entire nation by bringing more than 2 billion cubic feet of natural gas online daily that will help power homes and businesses.”

The U.S. Forest Service on Tuesday issued a permit allowing the pipeline to run through the Jefferson National Forest straddling Virginia and West Virginia.

Read the full article here

News Room May 20, 2023 May 20, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
AI won’t take your job – but someone using it will

Watch full video on YouTube

Could Crypto-Backed Mortgages Put The U.S. Housing Market At Risk?

Watch full video on YouTube

Aurubis AG (AIAGY) Q4 2025 Earnings Call Transcript

FollowPlay Earnings CallPlay Earnings Call Aurubis AG (OTCPK:AIAGY) Q4 2025 Earnings Call…

A bartenders’ guide to the best cocktails in Washington

This article is part of FT Globetrotter’s guide to Washington DCWashington is…

Dan Ives: Tesla’s “golden” chapter includes AI, robots, and Robotaxi scale.

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

Stocks

Playa Hotels & Resorts (NASDAQ:PLYA) Delivers Strong Q4 Numbers By Stock Story

By News Room
Stocks

ON24 (NYSE:ONTF) Posts Better-Than-Expected Sales In Q4 By Stock Story

By News Room
Stocks

Evolent Health shares leap on Q4 earnings beat and upbeat guidance By Investing.com

By News Room
Stocks

Chuy’s (NASDAQ:CHUY) Reports Q4 In Line With Expectations But Stock Drops

By News Room
Stocks

Red River Bancshares raises dividend to $0.09 per share

By News Room
Stocks

Ecolab appoints Microsoft executive to board

By News Room
Stocks

Semilux secures $50 million equity deal with White Lion Capital

By News Room
Stocks

US government debt trajectory to push long-term yields higher, says PIMCO

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?