With LNG Export Approval, DOE Shortchanges American Public, Ignores Economic and Safety Concerns
Cove Point project would hike energy costs, threaten public safety, harm Chesapeake Bay
WASHINGTON, DC – The Department of Energy announced today it had granted conditional approval to the Dominion Cove Point LNG facility to export liquefied natural gas to non-free trade agreement countries, pending an environmental review by the Federal Energy Regulatory Commission (FERC).
The $3.8 billion project would transform a sleepy natural gas import facility on the Chesapeake Bay into a massive export hub and hasten the already hectic pace of fracking for natural gas in the nearby Marcellus and Utica shale regions.
But as recently as last week, FERC regulators were raising concerns with Dominion about the safety of the project pointing to the potential for a “fireball” connected to on-site chemical storage. And while economic benefits of the project are heavily in dispute, all experts agree that it would raise domestic energy prices.
Dominion still faces major hurdles before the project can proceed. The company needs approval from the Federal Energy Regulatory Commission, which has yet to complete its environmental review. Dominion also needs approval from Maryland utility regulators as well as more than 60 permits and approvals. There is still pending litigation over whether Dominion has the right to build this facility or if it breaks an earlier legal agreement with Sierra Club.
The following are statements from groups that have aligned in opposition to this project:
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