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Oil, Gas, And Fracking News Read 11July 2021

Oil, Gas, And Fracking News Read 11July 2021
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.

Company Abandons Crude Oil Pipeline Project In Mostly Black Area Already Known as Pollution Hotspot After Community Opposition: Sometimes the Good Guys Win

Company Abandons Crude Oil Pipeline Project In Mostly Black Area Already Known as Pollution Hotspot After Community Opposition: Sometimes the Good Guys Win
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Memphis Byhalia Pipeline Project Plains All American fighting regulations

Plains All American Pipeline L.P., the midstream company behind the abandoned Byhalia Connection Pipeline project, decided it wanted a few last words Tuesday.  Cory Thornton, an attorney for Plains, told the Memphis City Council the ordinance that would ve governed the crude oil pipeline and its potential impact on the Memphis Sand Aquifer was unnecessary, anti-industry and that the measure if passed, would be overturned by the courts.  The company announced Friday that it had abandoned the pipeline project, citing a drop in crude oil demand. The decision to abandon the project also came after it encountered widespread opposition to the project from Memphis activists, celebrities and city government. 

Plains All American abandons Byhalia pipeline How Memphis reacted

U.S. crude oil production dropped from an estimated 12.25 million barrels per day in 2019 to 11.31 million barrels per day in 2020, according to the U.S. Energy Information Administration.  Oil production has dropped to an estimated 11.08 million barrels per day so far in 2021, but was projected to increase to 11.79 million barrels in 2022. The company statement continued: We value the relationships we’ve built through the development of this project, and appreciate those that supported the project and would have shared in its ongoing benefits including our customers, communities, energy consumers, landowners, area contractors and suppliers.  “Pipelines continue to play a critical role in safely transporting energy products from where energy is produced to where it is refined and turned into consumer goods that benefit our lives. As part of any shift to lower carbon energy, hydrocarbons will continue to be a critical part of meeting increasing global need for affordable,

Plains All American abandons Byhalia pipeline How Memphis reacted

The company planning to build the Byhalia Connection pipeline on Friday announced that it is abandoning the project, bringing a sudden end to one of the biggest environmental controversies in recent Memphis history. The project, which would have put a crude oil pipeline through mostly Black South Memphis neighborhoods, sparked a complex legal and public relations battle that was fought in multiple venues, from the Memphis City Council to the court of national public opinion.  Local opponents and celebrities such as Al Gore, Danny Glover and Jane Fonda voiced opposition   the former vice president visited Memphis and called the project a reckless, racist rip-off.” 

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