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12WBOY Posted: Jul 6, 2020 / 03:22 PM EDT / Updated: Jul 7, 2020 / 02:01 PM EDT UPDATE (7/6/20 3:22 p.m.) Two oil and gas industry groups, The West Virginia Oil & Natural Gas Association and the West Virginia Independent Oil and Gas Association issued a joint statement on the pipleline cancellation and the sale of Dominion Transmission to Berkshire Hathaway: We have some good news and bad news. First, the bad. The decision to vacate the Atlantic Coast Pipeline (ACP) project is deeply disappointing. The Independent Oil and Gas Association of West Virginia (IOGAWV) and West Virginia Oil …

The Motely Fool By Maxx Chatsko | July 6, 2020 The energy giant also agreed to divest its natural gas transmission and storage assets to Berkshire Hathaway. The proceeds will not be used to fund the company’s ambitious renewable energy portfolio. What happened Shares of Dominion Energy (NYSE:D) fell as much as 11.3% on Monday after the company announced two seismic shifts in strategy. First, Dominion and partner Duke Energy (NYSE:DUK) announced the cancellation of the Atlantic Coast Pipeline. Despite earning a decisive win in the Supreme Court in June allowing the duo to proceed with the massive project, the …

The Supreme Court on Monday dealt a blow to the Trump administration by maintaining a block on construction of the Keystone XL pipeline. Photo by Leigh Vogel/UPI | License Photo July 6 (UPI) — The Supreme Court on Monday denied the Trump administration’s request to allow for construction of the Keystone XL Pipeline to continue, upholding a lower court’s decision to cancel a key permit on environmental grounds.The order does allow for similar pipeline projects that were authorized under the same water crossing permit, known as Nationwide Permit 12, but were blocked by the Montana judge’s decision to continue. No …

Statesman By Dave Kolpack, The Associated Press Posted Jul 6, 2020 FARGO, N.D. — A judge on Monday ordered the Dakota Access pipeline shut down for additional environmental review more than three years after it began pumping oil — handing a victory to the Standing Rock Sioux Tribe and delivering a blow to President Donald Trump’s efforts to weaken public health and environmental protections it views as obstacles to businesses. In a 24-page order, U.S. District Judge James Boasberg in Washington, D.C., wrote that he was “mindful of the disruption” that shutting down the pipeline would cause, but that it …