Despite the recent victory of the project in the US Supreme Court, the ongoing delays, legal disputes and the expected increase in costs threatened the financial viability of the project, the companies said on Sunday.
The pipeline, originally announced in 2014, has faced strong criticism and legal challenges from environmental and other groups.
“This announcement reflects the growing legal uncertainty that prevails in the large-scale development of industry and industrial infrastructure in the United States,” said Thomas Farrell, president of Dominion Energy. “Until these issues are resolved, the country’s ability to meet energy needs will be significantly challenged.”
The companies “worked diligently and invested billions of dollars to complete the project and deliver the necessary infrastructure to our customers and communities” in the years since it was announced, Farrell said.
The announcement was welcomed by the Natural Resources Defense Council.
“This is tremendous news for Western Virgos, Virgos and North Carolinians who deserve clean air, safe water and climate change protection,” said Gillian Giannetti, an NRDC lawyer.
“As they abandon this dirty dream, Dominion and Duke should now be more concerned with energy efficiency, wind and solar energy – so it’s about providing jobs and a better future for all,” Giannetti said.
US Secretary of Energy Dan Brouillette has accused the pipeline of canceling “activists”.
“The well-funded, blocking environmental lobby has successfully killed the Atlantic Coast, which would cut energy costs for consumers in North Carolina and Virginia, providing them with an affordable, abundant and reliable natural gas supply area.” . he said.