Posted on 04/23/2014 3:33:29 PM PDT by jazusamo
A liquefied natural gas facility in southern Maryland is generating intense criticism from environmental groups, in a fight that echoes the protracted battle over the proposed Keystone XL pipeline.
Energy company Dominion Resources is hoping to invest up to $3.8 billion to upgrade the Cove Point LNG facility as an export terminal.
If successful, it could become the East Coast's chief LNG export facility, sending billions of cubic feet of natural gas to Japan, India, and elsewhere.
Dominion stresses that the project would have a huge economic impact close to home as well.
"The local area of Calvert County gets a huge benefit: $40 million dollars in additional taxes, property taxes, and the whole area of Maryland gets a benefit as well ... not to mention the U.S., from an export perspective," Mike Frederick, Dominion's VP of liquefied natural gas operations, told Fox News in an interview.
The Department of Energy has given Dominion conditional permission to export gas. The company is awaiting an environmental assessment from the Federal Energy Regulatory Commission (FERC), due May 15.
As with the proposed Canada-to-Texas Keystone oil pipeline, organized labor is on board with the LNG project, wanting the roughly 3,000 jobs it is projected to create during construction.
But some environmental groups are fighting it, complaining it's being oversold.
"Everybody in the U.S. economy will suffer from gas exports according to the U.S. Department of Energy, except for one industry -- and that's the gas industry, which will make lots and lots of money," Chesapeake Climate Action Network's Mike Tidwell told Fox News in an interview.
(Excerpt) Read more at foxnews.com ...
Maybe but here is another Bundy / Red River Fed type land grab.
More crony capitalism. Now Zilka Family and “Clean” Energy are in on bullying land owners out of their rights and privacy.
High Voltage DC Long Power lines taking wind generated electricity from Oklahoma and Texas Panhandle to Tennessee and Georgia.
More green feel good crap making money on the taxpayer’s back using he heavy hand of the feds.
http://www.cleanlineenergy.com/
Eliminate ALL petroleum products from Maryland!
Send the stuff to us in flyover country.
Mr. Tidwell, please define "suffer".
Also note that Dominion is a public company, and has raised their dividend to $0.60 per share.
Your trust fund may not own shares in DOM but hundreds of thousands of people depend on their retirement for a healthy DOM.
These people are TERRORISTS! You never know where they’ll strike next, either. Maddening!
Tidwell and his Chesapeake Climate Action Network are nothing but a group of enviro-nazis.
http://chesapeakeclimate.org/mission/
"Everybody in the U.S. economy will suffer from gas exports according to the U.S. Department of Energy, except for one industry -- and that's the gas industry, which will make lots and lots of money," Chesapeake Climate Action Network's Mike Tidwell told Fox News in an interview.
Maryland "Freak State" PING!
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