Big Banks Reverse Course, Spent $869B Funding Fossil Energy in 2024
Sometimes, some of the best news can be learned from your political enemies. The wackadoodle environmental left worldwide has, for years, tried to pressure Big Banks into defunding (refusing to loan to) fossil energy companies. While there are other sources of funding available, getting Big Banks to refuse loans has hurt the oil and gas industry. And for a while, it seemed like the left was winning, pressuring banks to pull back. Not anymore. An arrogant coalition of eight green groups, coordinated by the Rainforest Action Network, recently published a report showing that the world’s largest banks boosted the amount of financing given to fossil fuel companies last year (2024), committing $869 billion to those involved in coal, oil, and gas. That’s up significantly, from $162 billion spent the year before (2023). Read More “Big Banks Reverse Course, Spent $869B Funding Fossil Energy in 2024”
Olympus Energy wants to drill six wells on a single pad in rural Elizabeth Township, a borough in Allegheny County, on the east bank of the Monongahela River. The pad would sit about 2,400 feet (nearly half a mile) away from Elizabeth Forward High School. Some parents of students and members of the administration pushed back against Olympus’ drilling plan, using the children as an excuse (see 
This is funny, and sad. Yesterday, we brought you the news that Amazon has pledged to spend at least $20 billion to build multiple data centers in Pennsylvania (see 
The propagandists at the partisan Inside Climate News are doing their best to plant the false notion that drill cuttings and frack wastewater coming from shale wells are “radioactive.” Their latest effort in this regard is to defeat the reopening of a landfill in Mercer County, PA. The Grove City landfill would accept drill cuttings (among other landfillable waste). The antis, who oppose all fossil energy based on mythical global warming concerns, label drill cuttings as “radioactive waste.” It’s nonsense. Drill cuttings are leftover rock and dirt from the ground. 
Big Green is NOT happy with the prospect that New York Governor Kathy Hochul is rumored to have “caved” and traded approvals for two natural gas pipelines—the Constitution and Northeast Supply Enhancement (NESE)—in return for building a $5 billion boondoggle wind farm off the coast of Long Island. As we reported today in a related post (Williams Files Request Asking FERC to Reissue NESE Cert in NY, NJ), Hochul did cave and agreed to allow these two pipeline projects, provided they meet federal and state requirements. Prior to the news breaking (via the New York Times and other outlets), Big Green, comprising Food & Water Watch, the NRDC, NYPIRG, Frack Action, and Catskill Mountainkeeper, issued a joint press release warning Hochul that she should not allow these pipelines…or else. 
Yesterday, the U.S. Supreme Court ruled that federal agencies conducting environmental reviews under the National Environmental Policy Act (NEPA) must consider only the direct effects of a project rather than its broader impacts. The 8-0 ruling (highly unusual for a unanimous decision) follows years of lower courts demanding broader consideration of the effects of projects like LNG export terminals and energy-moving projects, such as rail lines and pipelines, to account for the climate effects of fossil fuels that move through them and will later be burned. 
Big Green, particularly the New Jersey chapter of the odious Sierra Club, persists in trying to convince the general public that unreliable renewables (solar and wind) are less expensive than alternatives like natural gas. That’s simply a lie (see 
The Algonquin Gas Transmission pipeline (owned by Enbridge) transports up to 3.09 Bcf/d through a pipeline that is 1,131 miles long. Algonquin connects to Texas Eastern Transmission (TETCO), Millennium Pipeline, and Maritimes & Northeast Pipeline and supplies New England with critically needed natural gas supplies for power generation and consumer use. As we told you in September 2023, Enbridge conducted an open season to gauge interest in expanding Algonquin’s capacity to flow more gas into New England—mainly from the Marcellus/Utica—called Project Maple (see 
In March 2024, we reported that two Democrats and one anti-drilling RINO who run Bucks County, PA government (a Philadelphia suburb) fell for the bait by Big Green and filed a lawsuit against Big Oil companies for supposedly, knowingly, causing the Earth to toast to a cinder (see 
In January 2024, MDN told you about a long-closed landfill that seeks to reopen in Liberty and Pine Townships in Mercer County, PA (see 
Local municipalities with radical political leaders, along with some “blue” states run by radical Democrats, have attempted to strip away the right of their citizens to freely choose which energy source they want to use. It’s about as anti-American as it gets, against the very founding of this country. Yet it happens. Berkeley, California’s “first-in-the-nation” natural gas ban was later overturned by a federal appeals court. Yet recently, two other appeals court cases have ruled in favor of gas-banning municipalities and states. Let’s consider the “shifting landscape” of local and state gas bans…