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FERC releases FEIS for Jordan Cove as market analysis dooms project

FERC FEIS for JCEPOn September 30, 2015 the Federal Energy Regulatory Commission released the Final Environmental Impact Statement (FEIS) for the Jordan Cove / Pacific Connector Project.

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Final Environmental Impact Statement for the Jordan Cove Energy and Pacific Connector Gas Pipeline Project under CP13-483 et al.  – September 2015.
You can view the issuance at:
http://elibrary.FERC.gov/idmws/file_list.asp?accession_num=20150930-4002

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The FEIS has listed 114 recommended conditions of approval that must be met before the project can proceed.  This is not the way to go about doing the NEPA EIS process.  The State of Oregon explained why in their Motion to Intervene that was filed with the FERC on June 20, 2013:

…STATEMENT OF POSITION

ODOE’s position relevant to Jordan Cove’s and Pacific Connector’s applications is that FERC and the applicants must comply with applicable federal laws at the required junctures in their respective application processes. As part of its scoping comments on the EIS, which ODOE joined, the State of Oregon urged the Commission to abandon its previous practice of issuing conditional orders before receiving authorizations delegated to the State under the Clean Water Act, the Coastal Zone Management Act, and the Clean Air Act and before engaging in consultation under the Endangered Species Act (ESA). ODOE’s position is that such conditional orders violate the substantive and procedural provisions of those federal laws, including circumventing consultation required under the ESA… (Emphasis added)

Additionally, ODOE’s position is that conditional orders issued by FERC are arbitrary and capricious, because no balancing of the public interest can be made regarding the construction of the proposed LNG export terminal and associated pipeline project before the Commission has quantified and considered the full extent of the benefits and adverse impacts, including the socioeconomic impact on landowners and public safety risks associated with the overall project…. (Emphasis added)

The Biological Assessment (BA) has not been completed yet for the Jordan Cove project, nor has the process even been started, so it is rather unbelievable that FERC would be issuing the “Final” EIS at this time.  The National Marine Fishery Services filed a procedural motion with the FERC in July requesting more information in order to begin the BA process.  Jordan Cove as of this date has not provided the additional information requested.  So in a sense, Jordan Cove is their own worst enemy.

The FERC Commission’s Final Order on the project is not expected until December 29, 2015.  The Commission has stated that it will base its Final Order and Decision on technical competence, financing, rates, market demand, gas supply, environmental impact, long-term feasibility, and other issues concerning a proposed project.  We hope in the end that FERC will actually do this since all the financial and industry experts are saying the rest of these LNG Export projects are no longer viable.  With that being the case, we wonder why the FERC is even continuing to process Jordan Cove’s application.

Under Appendix W of the Final EIS on page W-39, FERC stated the following in response to our comments:

CO39-12: This EIS analyses the application submitted to FERC to build an export terminal and associated pipeline. The project would transport natural gas from Merlin to Jordan Cove, convert it to LNG and export it on ships. See the project objectives in Chapter 1. Other projects that might be considered alternatives to this project are addressed in Chapter 3, including Canadian projects (see table 3.2.2.4-1 and section 3.2.2.4). Projects that could be considered alternatives, and that are under FERC’s jurisdiction, such as the Oregon LNG project, are analyzed in a separate EIS. FERC may approve one or both project. If both are approved, FERC would let the market decide if either one or both are built. It does not pick winners and losers, it lets the market decide. (Emphasis added)

On FEIS page W-404 FERC stated:

CO39-36: Renewable energy options are discussed in section 3.1.4 of the EIS. Because the Project’s purpose is to prepare natural gas for export to foreign and domestic markets, the development or use [of] renewable energy technology would not be a reasonable alternative to the proposed action(Emphasis added)

[Simply unbelievable considering all the increased pollution, asthma, climate chaos, and increased energy costs the Jordan Cove project would inflict on American citizens.]

FERC on page W-404 also stated:

CO39-37: Decisions regarding the energy policy of the U.S. or other nations, as well as the energy reserves in other nations are outside the scope of the FERC’s jurisdiction. Decisions regarding the U.S. energy reserves (e.g., whether or not to export gas) are the jurisdiction of the U.S. Department of Energy. Decisions regarding foreign energy reserves are the jurisdiction of those nations. It is outside the scope of this EIS to assess the overall U.S. energy policy or the policies and energy reserves of other nations.

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Dear FERC…  Jordan Cove…  The market has decided…   It said “no”!

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http://business.financialpost.com/news/energy/window-of-opportunity-for-new-lng-projects-is-gone-because-of-supply-glut-consultancy-says?
Window of opportunity’ for new LNG projects is gone because of supply glut, consultancy says”
By Yadullah Hussain
September 3, 2015

The window to build liquefied natural gas projects in Canada and elsewhere has closed amid a global supply glut, says global energy consultancy Wood Mackenzie.

There is a clear reluctance by companies to stand down, but the reality is that the window of opportunity closed over six months ago for everyone, not just for Canada”  Noel Tomnay, vice-president global gas and LNG research for Wood Mackenzie said in an interview. (Emphasis added)

Qatar and Australia led the first two waves of LNG development with the U.S. spearheading the third wave, even as Canadian and East Africa proposals were stalled.

“Canada’s biggest competitor is not the U.S. – it is probably Mozambique.” Tomnay said, noting that these two regions would probably play the role of niche, “strategic resources” for investors in the next wave of development that will cater to demand after 2022. …

(Read entire article at link above)

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http://fuelfix.com/blog/2015/07/14/most-u-s-lng-projects-wont-cross-the-finish-line-new-study-says/#27079101=0
Most U.S. LNG projects won’t cross the finish line, new study says.
By Rhiannon Meyers
Posted on July 14, 2015

Most of the proposed U.S. liquefied natural gas export projects won’t get built amid stiffening competition from foreign competitors who will flood the market with the supercooled gas as demand begins to slow, a new study finds.

Five U.S. LNG projects already under construction, including Cheniere’s two terminals in Louisiana and Corpus Christi, will cross the finish line, but beyond that, construction appears “increasingly unlikely” for the remaining proposals, according to the latest study unveiled Tuesday by a task force of natural gas experts assembled by the Brookings Institution, a Washington D.C.-based thinktank. (Emphasis added)

It’s the latest report to raise doubts about the flurry of multi-billion dollar proposals announced in recent years that would soak up vast supplies of cheap U.S. natural gas destined for markets in Asia…. 

(Read entire article at link above.)

Brookings Nat Gas Report

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http://www.lnglawblog.com/2015/07/new-report-projects-283-billion-of-planned-lng-projects-potentially-unneeded-by-2025/
New Report Projects $283 Billion of Planned LNG Projects Potentially Unneeded by 2025
Posted by Sutherland LNG on Jul 7, 2015

FULL REPORT at:
http://www.carbontracker.org/wp-content/uploads/2015/06/CTI-gas-report-Final-WEB.pdf
Carbon Tracker

Figure 11 on page 23 of the Carbon Tracker report shows Jordan Cove to be one of many “not needed” LNG Export projects.
CTI gas report figure 11_June 2015

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Moody's_logo
https://www.moodys.com/research/Moodys-Liquefied-natural-gas-projects-nixed-amid-lower-oil-prices–PR_322439
Announcement: Moody’s: Liquefied natural gas projects nixed amid lower oil prices
Global Credit Research – 07 Apr 2015

New York, April 07, 2015 — Liquefied natural gas (LNG) suppliers are curtailing their capital budgets, amid low oil prices and a coming glut of new LNG supply from Australia and the US, Moody’s Investors Service says in a new report, “Lower Oil Prices Cause Suppliers of Liquefied Natural Gas to Nix Projects.”…

…Moody’s says low LNG prices will result in the cancellation of the vast majority of the nearly 30 liquefaction projects currently proposed in the US, 18 in western Canada, and four in eastern Canada.

The drop in international oil prices relative to US natural gas prices has wiped out the price advantage US LNG projects, … (Emphasis added)

…Greenfield projects on undeveloped property are much more expensive, involve more construction risk, and take longer to build than brownfield projects, which re-purpose existing LNG regasification sites. Greenfield projects are also frequently challenged by local opposition and occasionally by untested laws and regulations. Based on the public estimates of companies building new LNG liquefaction capacity, the median cost to build a US brownfield project is roughly $800 per ton of capacity, compared with the more advanced Australian greenfield projects, now estimated at around $3,400 per ton…(Emphasis added)

(Read entire announcement at link above.)

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http://www.businessinsider.com/debt-is-destroying-fracking-revolution-2015-7?&IR=T
Debt is destroying the fracking revolution
Wolf Richter, Wolf Street
July 22, 2015

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http://ringoffireradio.com/2015/09/fracking-industry-going-bankrupt-karma-and-redemption/?
Fracking Industry Going Bankrupt: Karma and Redemption
By KJ McElrath
September 25, 2015

After making billions of dollars poisoning groundwater, causing illnesses, triggering earthquakes and destroying lives and communities, fracking companies are becoming victims of their own success. It turns out that they’ve done their jobs too well….

(Read entire article at link above.)

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Dear FERC…  Local Tribes have concerns…  They’re also saying “no”!

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http://theworldlink.com/lng/tribes-have-grave-concerns-about-jordan-cove/article_9f415fff-7d0e-594d-93f9-6a716f262aa7.html
Tribes have ‘grave concerns’ about Jordan Cove
July 23, 2015
By Chelsea Davis

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On 9/8/2015, the following Filing was submitted to the Federal Energy Regulatory Commission (FERC), Washington D.C.:
Description: Supplemental Comments of Confederated Tribes of Coos, Lower Umpqua & Siuslaw Indians under PF12-17.
http://elibrary.ferc.gov/idmws/file_list.asp?accession_num=20150908-5256

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On 9/29/2015, the following Filing was submitted to the Federal Energy Regulatory Commission (FERC), Washington D.C.:
Description:  Supplemental Information of Confederated Tribes of the Coos, Lower Umpqua, and Siuslaw Indians under CP13-483, et. al. Response letter to a ground disturbance activity at Jordan Cove: Cultural Resource Concerns.
http://elibrary.FERC.gov/idmws/file_list.asp?accession_num=20150929-5229

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Dear FERC…  A 100% Renewable Energy Policy is a better alternative to increased pollution, asthma, climate chaos and higher energy costs!

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The Oregonian
http://www.oregonlive.com/business/index.ssf/2014/11/jordan_cove_lng_in_coos_bay_co.html
Jordan Cove LNG in Coos Bay could quickly become one of the largest greenhouse gas emitters in Oregon.

The top 20 carbon emitters in Oregon.
Oregon’s lone coal fired power plant in Boardman had the biggest carbon footprint in the state during 2013, and a collection of gas-fired power plants were close behind. The Jordan Cove LNG terminal in Coos Bay, which has its own 420 megawatt power plant to liquefy gas, could quickly become one of, if not the largest emitter of carbon in Oregon when it opens.
Oregonian CO2 Diagram
By Ted Sickinger
November 18, 2014

(Read entire article at link above)

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The Daily Mail Reporter
http://www.dailymail.co.uk/sciencetech/article-2208953/Shock-report-claims-100m-people-die-economic-growth-drop-3-2-2030-climate-change-ignored.html
Ignore climate change and 100m people will die by 2030, shocking new report claims.
Published September 26, 2012

Dara Report Summary

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Bloomberg
http://www.bloomberg.com/news/2012-01-19/lng-exports-may-spur-higher-u-s-natural-gas-prices-report-says.html
Exports of LNG May Raise U.S. Prices as Much as 54%, Agency Says.
By Katarzyna Klimasinska
Jan 19, 2012

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https://www.vox.com/2015/6/9/8748081/us-100-percent-renewable-energy
Here’s what it would take for the US to run on 100% renewable energy
By David Roberts
June 9, 2015

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100 Percent Renewable Energy

Oregon Renewable Energy

Energy Revolution

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FORBES
http://www.forbes.com/sites/jeffmcmahon/2015/05/05/why-tesla-batteries-are-cheap-enough-to-prevent-new-power-plants/
Why Tesla Batteries Are Cheap Enough To Prevent New Power Plants
By Jeff McMahon Contributor
May 5, 2015

…Earlier Thursday night, I was covering a Northwestern University debate on the future of nuclear energy, in which the nuclear critic Arnie Gundersen predicted Tesla’s new utility-scale battery would render new-build nuclear plants obsolete. The battery would be cheap enough to solve the reliability problem of intermittent solar and wind, he predicted, providing a cheaper alternative to nuclear power’s 24-hour output….(Emphasis added)

…At Tesla’s price, utility-scale batteries have the potential to perform better than 2 cents per kilowatt hour where it counts the most: on the customer’s electric bill. The capital cost of utility-scale batteries may be more than offset by their benefits, according to the Texas study, and if deployed at the grid level, they could actually lower electric bills…(Emphasis added)

(Read entire article at link above)

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http://thinkprogress.org/climate/2015/09/23/3704565/more-big-businesses-pledge-100-percent-renewable/
Nine Massive US Companies Pledge to Go 100 Percent Renewable
By Samantha Page
Sept 23, 2015
Walmart-2

Nine more giant corporations, including Nike and Walmart, pledged to transition to 100 percent renewable energy Wednesday. The announcement, made during Climate Week, is intended to show international governments that there is broad-based business support for going off fossil fuels in advance of the United Nations climate talks in December.

Goldman Sachs, Johnson & Johnson, Proctor & Gamble, Salesforce, Starbucks, Steelcase, and Voya Financial also took the RE100 pledge, organized by the Climate Group, an international sustainability non-profit….

(Read entire article at link above)

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Yes, it is already happening across the globe and “We the People” in America will have to rise up and push for a 100% Renewable Energy Policy …in spite of what the FERC does.

www.go100percent.org

IT IS ONLY A MATTER OF POLITICAL WILL  –  NOTHING ELSE!

Citizens Rally on Oct 9, 2012

Citizens Rally on Oct 9, 2012