EPA Urges FERC To Weigh If Gas Pipelines Will Become ‘Stranded Assets’

EPA is telling the Federal Energy Regulatory Commission (FERC) to consider the possibility that approving natural gas pipelines could create “stranded assets” amid a push to decarbonize the economy, arguing the commission should consider the growing availability of renewable energy sources. EPA’s arguments, if accepted by FERC, could significantly raise the bar for new pipeline projects as the electric power sector searches for alternatives to coal in order to reduce greenhouse gas emissions. “First, with respect to carbon lock-in or...