Urge Vanguard to Stop Investing in the Mountain Valley Pipeline!
In June 2024, the Federal Energy Regulatory Commission (FERC) granted the Mountain Valley Pipeline (MVP) approval to go into service, clearing the final hurdle for this nightmare of a project. This shameful decision comes after MVP has doubled in cost and been delayed for over six years due to legal battles and environmental violations. We mourn with the impacted communities who are vowing to fight on.
The Mountain Valley Pipeline is a 303-mile long natural gas pipeline that runs through West Virginia, Virginia, and North Carolina, and threatens to further devastate communities, drinking water, and sensitive ecosystems along its path.
MVP is among the numerous fossil fuel infrastructure projects in which Vanguard, the world’s second-largest asset manager, is deeply involved. As of the end of December 2023, Vanguard has over $16.7B in share holdings and almost $3B in bond holdings in the project's owner companies.
Vanguard is one of MVP’s largest investors and as the pipeline’s price tag has more than doubled, it’s a bad investment overall that sets back the clean energy transition.
Tell Vanguard’s Executives to prioritize the rights of Indigenous people, our communities, and environmental rights and stop investing in the owner companies of MVP!