Latest / News•Apr 28, 2016
How Will Future Energy Needs Be Met, Now That Kinder Morgan Pipeline Has Gone Belly Up?
…To that end the administration has proposed a new way to fund pipelines. It would place a line on customers’ electric bills to pay for them. On May 5 the State Supreme Judicial Court will decide if that method is legal. Peter Shattuck of the environmental group the Acadia Center says if we fund projects that way, it essentially puts the risk on the public.“Risks including that projects run over their multi-billion dollar initial estimates; risk that pipelines serve export markets and actually drive our prices up, and risk that growing climate concerns and cheaper renewables will leave us with expensive fossil fuel infrastructure that we just can’t afford to keep using,” he says…