Growing up in
Temple, there were few things we valued more than our land, our voice
and our independence from outside interests. When it came time to repave
a road or buy a new fire engine, our duly elected selectmen would
gather proposals and make their case to the town. Come Town Meeting in
the spring, we all got to have our say.
That’s the New Hampshire way.
Daniel WeeksThat’s the New Hampshire way.
Now, Temple and neighboring towns are facing the biggest threat to land and self-determination I have ever seen.
In 2014, Texas-based energy giant
Kinder Morgan announced plans to build a natural gas pipeline through
Temple and 16 other New Hampshire towns, complete with a
41,000-horsepower compressor station in nearby New Ipswich. The
Northeast Energy Direct Pipeline would originate in Western Pennsylvania
and deliver 1.3 billion cubic feet per day of fracked natural gas to
New England — more than twice the projected need for the region.
In order to install the 77 miles of pipeline through southern New Hampshire, Kinder Morgan would cut a 125-foot path and maintain a permanent 50-foot easement through private lands, as well as the existing right-of-way.
In order to install the 77 miles of pipeline through southern New Hampshire, Kinder Morgan would cut a 125-foot path and maintain a permanent 50-foot easement through private lands, as well as the existing right-of-way.
Some Granite Staters support the
pipeline, arguing it will bring construction jobs and reduced energy
prices to meet consumer demand. Others oppose the project, citing
devalued property, eminent domain seizures, and a range of safety and
environmental concerns from leaks and occasional explosions to expanded
reliance on fracking.
Regardless of whether you support
or oppose the project, every Granite Stater can agree that it is
fundamentally a local concern. The decision must be based on a careful
weighing of the costs and benefits to the affected towns and the region —
not Kinder Morgan’s bottom line. Yet most of us in New Hampshire do not
have the means to buy a seat at the debate table.
Consider the investments Kinder
Morgan has made in politics. Over the last two years, the company has
spent more than $100,000 lobbying in New Hampshire. The $50,000 it spent
on lobbying in 2014 was more than any public interest, nonprofit or
labor organization spent that year, and it is expected to rise even
higher in 2015. (So far, the New Hampshire secretary of state has failed
to publish the mandatory lobbying disclosures for the second half of
the year).
Grassroots groups opposing the pipeline did not report any lobbying expenditures of their own.
That means that long before state
leaders heard a word from their constituents about the proposed
pipeline, they had already been contacted by well-paid lobbyist arguing
in support of the project. What’s more, those lobbyists frequently help
fund state lawmakers’ campaigns.
Nor has Kinder Morgan restricted
its lobbying activity to New Hampshire. Over the same period, the
company has spent nearly $450,000 lobbying in Massachusetts and another
$260,000 lobbying the federal government for a combined $1,000 per day.
Over $100,000 of its federal lobbying expenditures were specifically
targeted at influencing the FERC process to ratify the NED Pipeline.
That’s money a Texas-based company is sending directly to Washington,
D.C., to influence whether or not a pipeline gets built in our backyard.
And while Kinder Morgan touts its
policy of political neutrality by saying the company does not make any
campaign contributions, many of its top executives do precisely that.
Since 2012, Kinder Morgan employees and their families have invested
millions of dollars in state and federal races, including presidential
candidates Jeb Bush and Ted Cruz. In 2015 alone, Chairman Richard Kinder
and his wife have already spent $2.2 million to influence the
presidential election (a small fraction of their $9 billion fortune),
thanks to the Supreme Court ruling in Citizens United allowing unlimited
super PAC spending on behalf of candidates.
In a political system where
elected officials set energy policy — directly and via appointments to
the FERC — while simultaneously raising millions of dollars from special
interests to get elected, Kinder Morgan’s investments make perfect
business sense. But what about the vast majority of Granite Staters who
cannot afford to hire lobbyists or fund state and federal candidates of
our own?
As Kinder Morgan holds its
obligatory public hearings across southern New Hampshire, complete with
slideshows and dozens of company representatives, I can’t help wondering
if it isn’t just a charade. Why would a company spend millions of
dollars to influence the political process if the voices of affected
citizens are the central concern? And how can a democratic republic
allow unlimited spending by special interests in the first place?
For the sake of my old town and
the values we hold dear, I hope citizens across New Hampshire will make
their voices heard in the current pipeline debate and put an end to
endless spending in elections.
Nashua
executive director of Open Democracy.
4 comments:
Pay attention to the stock market. If you own shares of Kinder Morgan you are expected to make an 8% return on your investment this year. So, perhaps we need to ask the supporters of this investment what their expected rate of return is. Most of us that participate in the market will receive a 4% return this year. Hmm, food for thought are the town employees getting another 4% raise this year? Enough is enough stop whining and deal with the board and the problem.
More lies from the anti pipeline group. "Watch the stock market". Obviously you don't. Kinder Morgan has been tanking big time.
This was in Barron's yesterday:
Facing a potential cut in its credit rating to junk status by Moody’s Investors Service and with its stock (ticker: KMI) in free-fall, the highly leveraged firm opted for a larger-than-expected cut of 75% in its dividend, to an annual rate of 50 cents from $2.04. Investors took the news in stride, apparently concluding that the worst is over. Kinder Morgan shares dropped 1%, to $16.67 last week, after falling 30% in the prior week.
You must get your news propaganda from made up ant pipeline source
No, actually Wolf I read the WSJ and pay attention to CNBC. Some of us that live in this town actually have a brain and respect others.
Gee, Wolf, if Kinder Morgan's stock is tanking, do you really believe that they will be able to safely finance and build the pipeline with no corners being cut? What if they can't afford to finish what they start - we'll have partially (or fully) destroyed homes and wetlands with even less to show for it. Or worse - they install inferior materials with fewer safety features, thus raising the possibility (or is it probabilty?) of an explosive leak.
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