Tuesday, March 21, 2017
🌏 Breaking 🌎 #fracking update
For immediate release: March 21th
Activists address Valener/Gaz Metro investors at AGM: “Vermont Gas pipeline is a bungled mess and a bad investment. Time to invest in the future, not dirty, dangerous fracked gas.”
Valener is the public investment vehicle for Gaz Metro, which in turn owns Vermont Gas. As investors assemble for their annual general meeting, activists from Vermont and Montreal are also assembling to express fierce opposition to the Vermont Gas Addison Natural Gas pipeline project – a fracked gas pipeline that is under construction through the state of Vermont.
Julie Macuga, a 25 year old University of Vermont student, plans to deliver a statement to the investors inside the meeting: “I purchased shares of Valener so that I could speak to all of you directly about what you are doing… what is it going to take to make you stop destroying our state with your damaging and financially unsound pipeline?”
Activists cite cost overuns which have more than doubled from initial estimates to 166 million as a result of mismanagement, a federal pipeline hazardous material safety administration (PHMSA) investigation into unsafe construction and failure to comply with standards, a pending VT Supreme Court case over a pipeline easement through a public park, a recent letter from the 64 member VT legislature's Climate Caucus requesting steps be taken towards a reconsideration of the permit, lack of demonstrable Vermont market for the gas, and concerns about climate impacts of leaking methane from pipelines.
“Vermont citizens and groups have been fighting this pipeline since the beginning of construction, nearly 4 years now”, stated Rachel Smolker, a resident of Hinesburg Vermont. “This poorly constructed pipeline puts our communities at risk of a potential explosion, puts Vermont ratepayers on the hook for the costs, and puts our climate at risk from methane leaks. Meanwhile, gas prices are predicted to rise over years to come. Valener/Gaz Metro should invest in the future and stop banking on the sinking ship of dirty, dangerous fracked gas.”
For more information: https://drive.google.com/open?id=0Bw0uKc2rfP1fLTAyZ3dRMko0Q2s