The Northeast is burning oil and coal to keep the lights on during this winter storm. Why?
Because they don't have enough natural gas pipeline capacity.
And they don't have pipeline capacity because they spent a decade blocking every proposal.
Some examples:
Constitution Pipeline (PA to NY): Approved by FERC 2014, killed by NY water permit denial 2016
Northeast Energy Direct (PA to MA): Blocked by Massachusetts 2016
Northeast Supply Enhancement: Rejected by New York
Access Northeast: Killed by MA/CT/RI opposition 2017
The stated reason for blocking? Climate and environment.
The actual result? ISO New England's own analysis: "Oil and coal generators are critical on the coldest winter days when natural gas supply is constrained."
Oil produces 50% more CO2 per MWh than natural gas combined cycle. Coal is worse.
They blocked pipelines to fight climate change. The outcome is higher emissions during peak demand, higher electricity prices, and grid strain.
Policy intended to reduce emissions is forcing the exact opposite.
This is what happens when you make infrastructure decisions based on aspirational goals rather than engineering reality.
Great job you guys!

NextWave EFT
@NextWaveEFT
01-24
Today, 27% of New England’s electricity will come from burning barrels of oil.
This is third world country stuff.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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