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Construction Permits

All articles tagged with #construction permits

energy2 years ago

US Appeals Court Upholds Permits for Natural Gas Pipeline

The 4th U.S. Circuit Court of Appeals has dismissed challenges to construction permits for the Mountain Valley Pipeline, a controversial natural gas pipeline in Virginia and West Virginia. The court sided with the company, Mountain Valley Pipeline, and federal agencies, stating that Congress had the authority to strip the court's jurisdiction over the case. Environmental groups have opposed the project, citing concerns about its impact on endangered species and the environment. Construction on the $6.6 billion pipeline had been blocked by the 4th Circuit until the U.S. Supreme Court allowed it to resume last month.

finance2 years ago

Gold prices remain stable as U.S. housing construction struggles

Gold prices remain steady above $2,000 despite a 0.8% fall in US housing construction in March, down 17.2% for the year. The ongoing weakness in the housing sector is attributed to the Federal Reserve's aggressive monetary policy stance, which has driven mortgage rates higher. The gold market is not seeing much reaction to the latest economic data as investors and traders continue to bargain hunt in the marketplaces after prices briefly dropped below $2,000 an ounce Monday. Construction permits for future homebuilding fell more than expected, dropping 8.8% to a rate of 1.412 million units in March.