Current:Home > reviewsSurpassing:Major Navigator CO2 pipeline project is on hold while the company reevaluates the route in 5 states -Edge Finance Strategies
Surpassing:Major Navigator CO2 pipeline project is on hold while the company reevaluates the route in 5 states
Fastexy Exchange View
Date:2025-04-08 04:02:39
OMAHA,Surpassing Neb. (AP) — Navigator CO2 Ventures announced Tuesday that it is putting on hold one of the two biggest proposed carbon dioxide pipeline projects in the Midwest so it can reassess the project.
The company withdrew its application for a key permit in Illinois and said it it was putting all its permit applications on hold. The decision comes after South Dakota regulators last month denied a permit.
The proposed 1,300-mile (2,092-kilometer) project would carry planet-warming carbon dioxide emissions from more than 20 industrial plants across South Dakota, Nebraska, Iowa, Minnesota and Illinois. The Illinois permit is crucial because that’s where the company planned to store the carbon dioxide underground.
“As is consistent with our recent filings in neighboring jurisdictions, Navigator will be taking time to reassess the route and application,” the company said in a statement.
Navigator said it is not abandoning the project. It plans to reapply for permits where appropriate after completing its evaluation.
Opponents cheered the news that the project is being put on hold, and promised to keep fighting when the company reapplies. Opponents had organized landowners who were concerned about the project.
“When you organize the families most at-risk of eminent domain, you can stop a pipeline,” said Jane Kleeb with the Nebraska-based Bold Alliance that also fought against the ill-fated Keystone XL oil pipeline. “This is a core lesson we have learned over the years, as pipeline corporations try to bully hard-working Americans into giving up their land for corporate greed.”
Proposed pipelines in the region would use carbon capture technology that supporters believe would combat climate change. Opponents question its effectiveness at scale and the need for potentially huge investments over cheaper renewable energy sources. New federal tax incentives and billions of dollars from Congress toward carbon capture efforts have made such projects lucrative.
Summit Carbon Solutions is behind the biggest proposed carbon dioxide pipeline in the area. It is pressing forward with its plans despite regulatory setbacks in the Dakotas. North Dakota agreed to reconsider its denial of a permit for the $5.5 billion, 2,000-mile (3,220-kilometer) pipeline that would cross five states, and Summit is reapplying in South Dakota. A separate hearing on that project in Iowa started in August. And Minnesota regulators plan to conduct a detailed environmental review of the project.
The Summit pipeline would carry carbon dioxide emissions from more than 30 ethanol plants in Iowa, Minnesota, Nebraska, North Dakota and South Dakota. The emissions would be buried in North Dakota.
veryGood! (16596)
Related
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Trump’s vows to deport millions are undercut by his White House record and one family’s story
- Thompson and Guest to run for reelection in Mississippi, both confirm as qualifying period opens
- Netflix, not football, is on menu for Alabama coach Nick Saban after Rose Bowl loss to Michigan
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Things to know about Minnesota’s new, non-racist state flag and seal
- The First Teaser for Vanderpump Villa Is Chic—and Dramatic—as Hell
- 'You Are What You Eat': Meet the twins making changes to their diet in Netflix experiment
- Tom Holland's New Venture Revealed
- Man shoots woman and police officers in Hawaii before being killed in New Year’s Day shootout
Ranking
- Stamford Road collision sends motorcyclist flying; driver arrested
- New Year’s Day quake in Japan revives the trauma of 2011 triple disasters
- Washington's Michael Penix Jr. dazzles in Sugar Bowl defeat of Texas: See his top plays
- Shawn Mendes Shares Message About “Lows of Life” Amid Mental Health Journey
- Could your smelly farts help science?
- How common are earthquakes on the East Coast? Small explosions reported after NYC quake
- Housing, climate change, assault weapons ban on agenda as Rhode Island lawmakers start new session
- Pretty Little Liars’ Lucy Hale Marks Two Years of Sobriety
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Shawn Mendes Shares Message About “Lows of Life” Amid Mental Health Journey
FBI investigating after gas canisters found at deadly New Year's crash in Rochester, New York
RHOSLC's Season Finale Reveals a Secret So Shocking Your Jaw Will Drop
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Thompson and Guest to run for reelection in Mississippi, both confirm as qualifying period opens
Missed the 2024 Times Square ball drop and New Year's Eve celebration? Watch the highlights here
Kentucky secretary of state calls for a ‘tolerant and welcoming society’ as he starts his 2nd term