RALEIGH, N.C. (WNCN/AP) — Two large energy companies Sunday announced the cancellation of a natural gas pipeline known as the Atlantic Coast Pipeline.
Duke Energy of Charlotte and Dominion Energy of Richmond, Va., made the announcement, citing “ongoing delays and increasing cost uncertainty which threaten the economic viability of the project,” according to a news release.
Just three weeks ago, the Supreme Court ruled 7-2 to throw out a lower court ruling that had canceled the permit for the Atlantic Coast Pipeline.
The project would bring natural gas from West Virginia to growing markets in Virginia and North Carolina. Its supporters say the pipeline would bring economic development, thousands of jobs and reduced energy costs for consumers.
The project has had numerous setbacks since plans were first announced in 2014. Legal challenges brought by environmental groups have prompted the dismissal or suspension of eight permits and halted construction for more than a year.