HSBC Bank 180-Degree Reversal, Now Supports Fossil Fuel Investment
Wow! What a difference 10 years and the election of Donald J. Trump can make. In May 2015, MDN reported that HSBC Bank (otherwise known as The Hongkong and Shanghai Banking Corporation) circulated a note to investors telling them they should divest from fossil fuel companies. HSBC said if they didn’t divest from fossil energy, they “may one day be seen to be late movers, on ‘the wrong side of history’”. We told you then that fossil fuel supporters should consider divesting from HSBC (see MDN Thinks It’s Time to Divest Your Money from HSBC Bank). Just last year the State of West Virginia added HSBC to its list of banned companies that the state will no longer do business with due to the bank’s anti-fossil fuel stance (see WV Adds Citigroup, HSBC, TD Bank, Northern Trust to ESG Banned List). Now? The new head of sustainability at HSBC says the time has come for banks to stop penalizing clients with a large carbon footprint. It is a total and complete reversal of its previous position. Read More “HSBC Bank 180-Degree Reversal, Now Supports Fossil Fuel Investment”
President Trump is close to taking an ax to the root of an EPA regulation that has allowed leftist environmentalists to rule the roost for the past 15 years. In 2009, the EPA adopted a major regulatory rule called the “endangerment finding.” The finding concluded that six so-called greenhouse gases — carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), and sulfur hexafluoride (SF6) — constitute an endangerment to public health and welfare due to their contribution to global climate change. The finding gives the EPA the power to regulate those gases under the umbrella of the Clean Air Act. Trump intends to overturn the finding, which would take down all the greenhouse rules for CO2 and methane. 
Last week, President Trump issued a directive to the heads of Executive Branch agencies to review all funding said agencies provide to NGOs (nongovernmental organizations). The aim is to pull the plug on funding NGOs engaged in actions that actively undermine the security, prosperity, and safety of the American people. There’s a LOT of corruption in NGOs. Big money from the federal government (taxpayers!) flows in, and the NGOs give it to crazy anti-American, anti-energy programs and agencies. Elon Musk is convinced there’s a LOT of corruption in the form of payments (kickbacks) going to grease the palms of people all along the food chain. Our specific interest is in defunding environmental NGOs—organizations like the National Resources Defense Council, the Sierra Club, Food & Water Watch, and other disgusting organizations that are using (at least in part) OUR money. 
We’ve made this observation many times over the years, but here we go again. Ever notice how lefty environmentalists “demand” this and “demand” that? They’re a very demanding bunch, which is why nobody pays them any attention (except us). Here’s the latest example. A group of 30 “organizations” (many of them fronts for one or two people) sent a letter to Ohio Governor Mike DeWine demanding that he block/suspend/pause shale drilling under (not on) Ohio state lands, including parks. The letter uses factual inaccuracies and outright lies to try and scare DeWine into blocking legal drilling under state-owned land. 
Arguably the most qualified person to ever become Secretary of the Department of Energy, Chris Wright (CEO of Liberty Energy, a fracking company) was confirmed on Monday by the full U.S. Senate (59-38 vote), replacing arguably the most unqualified person to ever hold the position, Jennifer Granholm. The comparison is striking. Chris Wright not only headed a major oil and gas company, but he also has experience with the nuclear energy space and advanced degrees in electrical AND mechanical engineering. Smart guy. Granholm, on the other hand, was a complete political hack picked by Biden to do the bidding of the radicalized left. She’s been a political hack her entire adult life, first as Attorney General and later as Governor of Michigan. She didn’t know (still doesn’t) a darned thing about energy, which is quite obvious. 
Pennsylvania’s do-nothing Governor, Josh Shapiro, traveled to Pittsburgh yesterday to put on another shuck-and-jive all-sizzle-no-steak show. He was there to unveil what he calls his “Lightning Plan” for energy in the state. His big plan? Reintroduce and try to bully Republicans into accepting a Marcellus-killing carbon tax and onerous regulations on emissions (called PACER, see 
In June 2019, the New York State legislature passed a horrific “energy” bill that was later signed into law by then-Gov. Andrew Cuomo (see 
There has been a shift in the ongoing war to defeat fossil energy. Have you felt it? It’s a shift in the direction of those of us who support fossil energy. Yes, the election of Donald Trump, who ran on a platform of unapologetically supporting oil and gas (and coal), and his overwhelming victory is a watershed moment in history. However, we propose that Trump’s win is a result (evidence of) and not the cause of this shift. A recent commentary in the Wall Street Journal nails the reason for the shift against radical environmentalism and in favor of fossil energy. The article begins with this lucid and insightful statement: “Momentous social movements begin to die the moment adherents figure out their leaders don’t believe what they say.” 
Last November, three of five supervisors in Cecil Township (Washington County), PA, voted to ban all new fracking via a new setback (distance from well to nearest structure) requirement of 2,500 feet (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 
BlackRock is the largest investment firm in the world, currently with $11.6 trillion of investments under management. Larry Fink, the CEO of BlackRock, pushed the so-called ESG (environment, social, governance) agenda for years. What the left and people like Fink mean by ESG is don’t invest in or use fossil fuel energy (E), everything is racist (S), and the government is always right when Democrats are in charge (G). Fink stopped using the ESG term in 2023, although he continued to push the ESG agenda of divesting from fossil fuel companies (see 
On Friday, three leftist judges who sit on the U.S. Court of Appeals for the District of Columbia (DC Circuit), one appointed by Joementia, one by Lord Obama, and a third by George H.W. Bush (Bush the 1st), threw out a rule the U.S. Department of Transportation had adopted during President Trump’s first term which allowed liquefied natural gas (LNG) to be transported by train. We warned you back in September the judges were signaling their intent to overturn LNG-by-rail during oral arguments (see 
Here’s a story that illustrates how the radicalized left continues to destroy jobs and the economy with its kneejerk reaction against *any* fossil fuel pipeline, no matter how large or small. Some five years ago, Dominion Energy announced the River Neck to Kingsburg project, a short 15 miles of 16” natural gas transmission main line that would run in an existing right-of-way with another pipeline along Old River Road near Pamplico in Florence County, SC. It was supposed to be built and flowing in 2022. Dominion still hasn’t built a square inch, thanks to the lawfare launched by the anti-fossil fuelers of the Blue Ridge Environmental Defense League. 
A judge has dismissed New York City’s lawsuit seeking to hold Exxon Mobil, BP, and Shell liable for misleading the public about their products and claims that their commitment to renewable energy and fighting climate change are false. The case was so weak not even a Democrat judge appointed by Kathy Hochul could stomach it. In her ruling, Justice Anar Rathod Patel told the city it could not have it both ways. The city claimed its residents knew about mythical climate change and how it is caused by burning nasty fossil fuels. Yet the city’s lawsuit claims Big Oil has tricked people into using fossil energy with false and misleading advertising. Patel wrote, “The city cannot have it both ways.” Touché! 
Maryland is a sad state. It’s completely ruled by leftists who seek to impoverish its residents by forcing them to use expensive and unreliable renewable energy. There is actually some Marcellus/Utica shale under Maryland (in a couple of far-western counties), but the state outlawed shale fracking nearly 10 years ago when then-Gov. Larry Hogan (a RINO and Trump-hater) allowed a Maryland bill to become law that bans fracking in the state (see