Pipeline transport

Expert Voices

Stalled gas pipelines could push power grids back to oil and coal

pipeline construction site near a suburban home
Construction of a Spectra Energy pipeline in Peekskill, N.Y., in Aug. 2016. Photo: Erik McGregor/Pacific Press/LightRocket via Getty Images

Hindering the expansion of natural gas pipelines could drive a reversion to dirtier energy sources like coal and heating oil, especially when sufficient infrastructure for renewable energy is not yet in place.

Why it matters: Greater demands on the power grid have led to more natural gas pipelines in the Northeastern U.S., but several proposed pipelines have been canceled or delayed due to public pushback. Inhibiting their construction could inadvertently produce greater emissions and lead to more air pollution.

Blackstone Group seeks to salvage Tallgrass Energy investment

In golf, you don't want to be in the "tall grass." So far in 2019, the same rule applies to private equity's energy sector investments.

Driving the news: The Blackstone Group earlier this year invested $3.3 billion for a 44% stake in Tallgrass Energy, a Kansas-based midstream energy infrastructure company. But the stock has tanked since then, with Blackstone now opting to double down by offering to take over the entire company.