Shareholders should encourage Duke Energy and Dominion Energy executives to re-evaluate the prudence of pouring billions of dollars more into the Atlantic Coast Pipeline (ACP). Current events demonstrate that it is time to change course.
The Atlantic Coast Pipeline faces some of the stiffest community and environmental opposition in the country today, comparable to that faced by TransCanada’s ill-fated Keystone XL project. Seventeen months since certification by the Federal Energy Regulatory Commission, construction has barely progressed.