Cabot O&G (Now Coterra Energy) Settles Lawsuit for Securities Fraud
In October 2020, a law firm filed a lawsuit on behalf of several Cabot Oil & Gas shareholders against Cabot (now Coterra Energy), claiming the company “had inadequate environmental controls and procedures and/or failed to properly mitigate known issues related to those controls and procedures,” and that the company “failed to fix faulty gas wells which polluted Pennsylvania’s water supplies through stray gas migration” (see Second Lawsuit Filed Against Cabot Claiming Securities Fraud). The lawsuit alleged that the company, in general and via its CEO (Dan Dinges), CFO (Scott Schroeder), and VP/Regional Manager (Phil Stalnaker), hid all of this from the public — namely from investors. Court documents filed this week show that following court-ordered mediation earlier this year, the two sides settled the case three-and-a-half years later.
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The odious and disgusting Food & Water Watch (FWW) organization (anti-fossil fuel fanatics) has taken point on the left’s effort to block Iroquois Gas Transmission’s plan to upgrade compressor stations in the Empire State. Iroquois’ Enhancement by Compression (ExC) project increases horsepower at three compression stations — two in New York and one in Connecticut — by an extra 125 MMcf/d, flowing more Marcellus/Utica gas into New York City and New England. Less than two weeks ago, FWW announced it had recruited 5,000 drones (no doubt paying some of them) to write comments against ExC in an effort to give New York’s weak Governor, Kathy Hochul, political cover to reject ExC (see 
Two days ago, MDN brought you an extensive article from the Pittsburgh Post-Gazette that delves into the thorny issue of who should pay to plug some of the 200,000+ orphaned and abandoned wells in Pennsylvania (see 
The Bidenistas at the EPA attacked coal and gas-fired power plants in April, threatening to destabilize the existing electric power grid with new regulations (see 
In April, the Bidenistas at the EPA attacked coal and gas-fired power plants, threatening to destabilize the existing electric power grid (see 
There is no mystery about why we are experiencing the highest inflation rates since 1981 (see historical inflation data below). One of the highest costs associated with any good or service is the cost of energy. Joe Biden and his gang of lefties have driven the cost of energy into the stratosphere since taking office, using a regulatory bludgeon to block the expansion of fossil energy. The Bidenistas use the false premise of man-made catastrophic global warming as their raison d’être — their justification — for blocking fossil energy. And yet China and India together produce 40% of the world’s CO2 emissions, while the U.S. produces just 12.6% of the world’s CO2 emissions. So please, don’t lecture us that removing a few more molecules of CO2 here in the U.S. makes one bit of difference when other countries like China and India constantly expand their output of CO2. The only result of the Bidenista’s quest to regulate fossil energy into oblivion is to skyrocket the cost of energy.
OTHER U.S. REGIONS: Vermont passes bill to charge fossil fuel companies for climate change; NATIONAL: GOP bill to keep Biden’s ‘hands off’ home appliances passes House; Exposing the lie that humans control the climate; INTERNATIONAL: Why Germany is choosing natural gas over nuclear power.