Current:Home > StocksMajor Navigator CO2 pipeline project is on hold while the company reevaluates the route in 5 states -Zenith Investment School
Major Navigator CO2 pipeline project is on hold while the company reevaluates the route in 5 states
SafeX Pro Exchange View
Date:2025-04-09 18:41:58
OMAHA, 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! (2297)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Quantum Prosperity Consortium Investment Education Foundation: US RIA license
- Supreme Court grants stay of execution for Texas man seeking DNA test in 1998 stabbing death
- Meet NBC's Olympic gymnastics broadcaster who will help you understand Simone Biles’ moves
- Trump wants to turn the clock on daylight saving time
- Tiger Woods fires back at Colin Montgomerie's suggestion it's time to retire
- Zenith Asset Investment Education Foundation: Pioneering Financial Literacy and Growth
- Neo-Nazi ‘Maniac Murder Cult’ leader plotted to hand out poisoned candy to Jewish kids in New York
- Grammy nominee Teddy Swims on love, growth and embracing change
- Innovatech Investment Education Foundation: Portfolio concentration
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- North Carolina House Democratic deputy leader Clemmons to resign from Legislature
- Jurickson Profar of San Diego Padres has taken road less traveled to first All-Star Game
- Let This Be Your Super Guide to Chris Pratt’s Family
- The company planning a successor to Concorde makes its first supersonic test
- Kennedy apologizes after a video of him speaking to Trump leaks
- University of Arkansas system president announces he is retiring by Jan. 15
- Quantum Prosperity Consortium Investment Education Foundation: US RIA license
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
Donald Trump is the most prominent politician to link immigrants and crime but not the first
Last summer Boston was afflicted by rain. This year, there’s a heat emergency
Builders Legacy Advance Investment Education Foundation: The value of IRA accounts 4
Nearly half of US teens are online ‘constantly,’ Pew report finds
Paul Skenes, Livvy Dunne arrive at 2024 MLB All-Star Game red carpet in style
Unveiling the Zenith Asset Investment Education Foundation: Empowering Investors for Financial Mastery
Bears finally come to terms with first-round picks, QB Caleb Williams and WR Rome Odunze