TPYP - Kinder Morgan Enbridge urge FERC not to apply tough new climate policy

North American pipeline giants Kinder Morgan (NYSE:KMI) and Enbridge (NYSE:ENB) have asked the Federal Energy Regulatory Commission not to apply a tough new climate standard to pipeline and liquefied natural gas projects already under review, the Houston Chronicle reports. Subjecting projects in the late stages of development to new reviews of their greenhouse gas emissions "violates basic tenets of fairness and due process" and could stop projects cold, Kinder Morgan said in a letter to FERC. Kinder Morgan has two projects awaiting FERC approval: constructing or modifying three compressor stations on pipelines in Pennsylvania and New Jersey, and building 13 miles of new pipeline and two new compressor stations on its Louisiana and Mississippi gas pipeline network. Any project expected to emit 100K metric tons/year of CO2 equivalent emissions "will be deemed to have a significant impact on climate change," part of FERC's much steeper rules than previously were applied.

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Kinder Morgan, Enbridge urge FERC not to apply tough new climate policy