Abandoned and rejected U.S. fossil fuel pipelines and other projects may be partially responsible for your high energy bill. According to the Wall Street Journal, the combination of public backlash against fossil fuels and poor economics due to lower commodity prices has resulted in more than $33 billion worth of project cancellations and rejections since 2012.
The highest-profile project to get rejected was the Keystone XL Pipeline, which President Obama himself blocked last year. Environmental activists and Native America tribes banded together to oppose the project.
Coal projects face the largest push-back from environmentalists, but ISO New England presidentGordon van Welie says that natural gas projects are facing public opposition as well. As recently as April, Kinder Morgan Inc KMI 0.59% abandoned the $3 billion Northeast Energy Direct project to bring lower-cost natural gas to the Boston area after local activists protected the project.
Unfortunately, New England residents are currently paying…
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