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U.S. firms want pending natgas pipeline projects excluded from emissions rules -Breaking

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© Reuters. FILE PHOTO – The Transcontinental Gas Pipe Line passes over the Colorado River. This aerial photo was taken over Wharton (Texas), U.S.A, April 30, 2020. REUTERS/Adrees Latif

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(Reuters] – U.S. energy regulators have been asked not to adopt new guidelines on greenhouse gases for pending gas pipeline projects.

Federal Energy Regulatory Commission (FERC), the United States Federal Energy Regulatory Commission, modified its policies for approving permits for gas pipelines. The change included greenhouse gas emissions. An analyst said that this move would pose a problem for any new energy project.

An environmental impact statement is required for any greenhouse gas project that will result in more than 100,000 metric tonnes of greenhouse gases per year. This process, analysts say, can be costly and takes time.

Enverus Energy Data and Analytics, a firm that provides energy data analytics and information on the internet, stated Tuesday in a note that while the FERC rules remain unfinished the interim greenhouse gas policy had been in place.

Since U.S. President Joe Biden assumed office, the FERC has intensified its efforts to control greenhouse gas emissions. The FERC has stated that all new or pending applications for gas pipelines will be affected by these changes.

U.S. Energy Companies responded accordingly Kinder Morgan Boardwalk Pipeline (NYSE:), Inc., and Boardwalk Pipeline submitted a joint letter asking FERC not to apply the new review for pending projects.

Kinder/Boardwalk has since been supported by other energy companies, asking FERC for a reconsideration of its position.

Kinder and Boardwalk stated in their filing that retroactively applying new standards for pending applications is a violation of basic principles of fairness and due procedure – particularly since Interim Policy Statements, which are moving targets that nearly certainly will change, were being applied.

Kinder and Boardwalk claimed that FERC’s policy would make developers and investors delay making decisions on projects. This is because “war rages in Europe and allies seek energy safety” since Russia invaded Ukraine.

Not only were energy companies upset by the new FERC Guidelines, but so was everyone else.

Top senators representing both sides of the aisle questioned Democratic FERC members for approving new guidelines. These new guidelines prompt regulators and landowners to think about climate, environmental and landowner issues as they consider new pipelines.

Two Republican commissioners from FERC opposed new guidelines.

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