Canceled: CO2 Navigator Pipeline Across Five Flyover States -- October 20, 2023

Locator: 45842ESG.

"Energy transition is dead, we just don't know it yet" -- Peter Zeihan, link here. 

Link here -- although this really isn't "only" a CO2-environmental-green-ESG story.

CO2 has applications in EOR -- enhanced oil recovery. But in this case, no EOR opportunities, so ESG .... green ... woke ...

Whatever.

 I guess it's more of a NIMBY story than anything.

From the linked article;

BISMARCK, N.D. (AP) — A company on Friday said it would cancel its plans for a 1,300-mile (2,092-kilometer) pipeline across five Midwestern states that would have gathered carbon dioxide emissions from ethanol plants and buried the gas deep underground.

Navigator CO2 Ventures’ Heartland Greenway project is among a handful of similar ventures supported by the renewable fuels industry and farming organizations, but many landowners and environmental groups oppose the pipelines and question their safety and effectiveness in reducing climate-warming gases.

.... “unpredictable nature of the regulatory and government processes involved, particularly in South Dakota and Iowa” were key to the decision to cancel the project.

.... more than 20 plants across Illinois, Iowa, Minnesota, Nebraska and South Dakota for permanent storage deep underground in Illinois.

It sounds this was all about keeping corn prices high.

“It is not an overstatement to say that decisions made over the next few months will likely place agriculture on one of two paths. One would lead to 1990s stagnation as corn production exceeds demand, and the other opens new market opportunities larger than anything we’ve ever seen before,” he said in a statement.

This should help tame inflation. 

Pork and chicken prices should plummet. Maybe not beef.