19 State AGs Investigate “Woke” Morningstar for ESG, Anti-Semitism
Morningstar provides what it calls “independent” research, ratings, and tools to help people invest. One of the so-called ratings is Morningstar’s environmental, social, and governance (ESG) investing ratings for companies. The ESG measurement is a clever way of steering investors (investors representing big funds worth billions of dollars) away from investing in fossil energy companies. Missouri Attorney General Eric Schmitt and the AGs from 18 other states (19 AGs in all) have launched an investigation into Morningstar’s ESG rating system that “plays politics with pensions and real people’s livelihoods.”
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Looks like $2 billion is just too much of a temptation for Shell, Equinor (formerly known as Statoil), and U.S. Steel to resist. Those three companies have been a part of a joint effort with EQT, Williams, Southwestern Energy, and a few other companies in a group called Appalachian Energy Future (AEF), which was supposed to be the “one ring to rule them all” group aimed at enticing a hydrogen hub to one of the three Marcellus/Utica states (see
Now we know why Diversified Energy liked Traitor Joe Manchin’s sell-out Green New Deal law, also falsely referred to as the Inflation Reduction Act (see
A recent survey commissioned by the Gas and Oil Association of West Virginia Inc. (GO-WV) found that 81% of West Virginians support natural gas and oil drilling in the state. That is a staggering, overwhelming majority! Nearly as many (close to 80%) favor policies that increase domestic oil and gas drilling and the completion of pipeline projects, in order to ease inflation. Some 52% of West Virginians ranked inflation as the most important issue facing the state (the top vote-getter). Although the survey results don’t mention it, we wonder how many West Virginian’s are disappointed with Sen. Manchin for his role in increasing inflation with the recent Big Green bill (aka Inflation Reduction Act) signed into law with the help of Manchin?
Along with Harvard, Yale University used to be one of the top two higher ed schools in the country. Wow, how the mighty have fallen! Yale is a husk, a shell of what it once was. Yale now puts political ideology above science and generates garbage, calling it “research.” Yale is experiencing some major cognitive dissonance. At various points over the past decade, Yale researchers have claimed fracking does NOT contaminate water aquifers (see
MARCELLUS/UTICA REGION: Kromer is named to OOGA post; NATIONAL: Berkshire Hathaway seeks to buy as much as 50 percent of Oxy; I like ESG—but not for the reason you think; As U.S. races toward 30 Bcf/d of LNG exports, what could it mean for upstream markets?; INTERNATIONAL: Nord Stream 1 pipeline from Russia to Europe to shut for three days; Europe’s gas price is now equivalent to $410 per barrel of oil.