David Sligh, Conservation Director at Wild Virginia Will Kerner Logistics is 7.4% of US GDP. Pipeline transportation represents just half a percentage point of that 7.4% total. Proponents of pipelines argue that when pipelines are properly constructed and maintained they have fewer carbon emissions associated with moving natural gas and oil than trucks or railcars. But pipelines are facing headwinds from advocacy groups; these nongovernmental organizations (NGOs) argue that all too often pipelines are not properly constructed or maintained. They argue that pipelines far from being an environmental solution, are too often a hazard that society should not be willing to accept. Big investment funds are starting to see increasing risks associated with investing in companies and sectors that do not have strong environmental, social, and governance (ESG) records. NGOs willing to engage in lawsuits are certainly one nexus of those increased risks. These lawsuits pit small, often thinly funded advocacy groups against large corporations and high paid law firms. And in these battles, the Davids are increasingly beating the Goliaths. A Case in Point: The Mountain Valley Pipeline Mountain Vall… Click below to read the full story from Forbes
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In A David Versus Goliath Battle Between NGOs And A Pipeline Company, Goliath Is Losing
