Dirty, dishonest, Dominion Energy – the principal company backing the Atlantic Coast Pipeline – is holding their annual shareholders meeting (AGM) online tomorrow, May 6. They hope that because the meeting is online this year, due to the pandemic, that we’ll stay home and not pressure them to stop investing in fossil fuels, especially the Atlantic Coast Pipeline, like we have in the past
Dominion’s wrong – and we’re showing up online tomorrow right before the shareholder meeting to give them a piece of our mind. Can you join us?
Here’s what’s going on: Last year, Dominion held their shareholders meeting in my hometown of Columbia South Carolina. We worked with a team of activists from SC, NC, VA and beyond to show up and hold a protest outside the meeting while a crew of activist shareholders went inside to lobby Dominion to divest from fossil fuels and especially the Atlantic Coast Pipeline (ACP).
In the year since, things have not gone well for Dominion and the ACP. The pipeline has been mired in court over legal objections to their plan to cross the Appalachian Trail on US Forest Service Land. That court case landed at the US Supreme Court in late February, and we were there as part of a street protest and Non violent civil disobedience action lead by North Carolinian’s impacted by the project.
While the pipeline has been stopped (for now) by the courts, the costs haven’t stopped going up. In fact, a new report out today from our friends at NC Warn and Friends of the Earth found that sticking with the ACP will increase energy costs $30 billion across VA, NC and other impacted states.
But while the news is mostly-bad for the pipeline, it has been mostly good for Virginians who want to invest in clean power. In March, Virginia passed the Virginia Clean Economy Act, which mandates that the state’s utilities, including Dominion, switch to pollution-free energy by 2045.
That one decision basically makes the ACP un-viable. But the pandemic, combined with a major drop in oil and gas prices have pushed fracking and pipeline companies to the brink of bankruptcy and dramatically slashed demand for gas pipelines and power plants. While Trump and co are angling to bail out big oil and gas producers, it would take months or years for that money to trickle down to utilities like Dominion.
Faced with all these headwinds, you’d think that Dominion would drop its support for the Atlantic Coast Pipeline. But instead, they’ve been doubling down on their support – taking on more investment in the pipeline and lobbying to get around the Virginia law and scuttle clean energy requirements in North Carolina and South Carolina.
So, tomorrow, before their shareholders meeting, we’ll gather online and make some noise telling Dominion and their shareholders that it’s time to divest from fossil fuels and the Atlantic Coast Pipeline. Join us tomorrow (May 6) at 8:30 am before the shareholders’ meeting on zoom to take action. Together we’ll post on social media, call executives and take online action! We’ll hear reports and briefings from experts and shareholder advocates and give you all the info and talking points you need.