Energy News Today

How Anti-Pipeline Protesters Made the Fossil Fuel Industry Face Economic Reality


Well-heeled climate and energy wonks have long sought elegant market solutions to lower greenhouse gas emissions—tax incentives for green energy, or carbon pricing to gently nudge companies toward a low-carbon future. But in the past 24 hours, multiple breaking news events have pointed to what may be a more efficient, less genteel tool for stopping fossil fuel projects in their tracks: social movements. Sunday evening, the energy companies behind the planned Atlantic Coast Pipeline announced their plans to abandon the pipeline project, just a few weeks after New York State rejected the Williams Pipeline. Monday morning, a federal judge ordered a temporary shutdown of the Dakota Access Pipeline, citing its slapdash environmental review process. All of the above represented big blows to the fossil fuel industry and huge wins for the Indigenous communities and organizers that have worked to block these projects from their inception.



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2020-07-06 20:18:21

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