3 NYC Pension Funds Sued by Workers for Divesting from Fossil Fuels
Three New York City pension funds–the New York City Employees’ Retirement System, the Teachers’ Retirement System, and the Board of Education Retirement System–were sued this week by municipal employees for breaching their fiduciary duty and divesting from fossil energy companies. The plaintiffs allege the divestments have resulted in the loss of billions of dollars that otherwise would have gone to retirees. The pension funds went woke and decided they could no longer support companies that (in their wrong opinion) are creating catastrophic, man-made global warming.
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The haughty John Kerry recently granted the official media house organ for the Democrat Party, the Associated Press, an interview. During the interview, Lord Kerry said oil and gas producers keep saying there are technological breakthroughs that will allow the world to continue extracting and burning fossil fuels without toasting Mom Earth. He said, in so many words, it’s either time to put up or shut up. Kerry “doubts” that existing technology is up to the task of abating greenhouse gases released by burning fossil fuels. Meanwhile, Kerry travels around the globe on a private jet that belches out more greenhouse gases than any random 100 citizens of planet earth. It must be nice to be married to a billionaire (Teresa Heinz Kerry).
Yesterday the Bidenistas at the Environmental Protection Agency (EPA) released a hellscape of new regulations aimed at forcing coal- and natural gas-fired power plants to close. That’s the sum total of what’s contained in a proposed 681-page behemoth new rule released (inflicted) yesterday by the EPA. But that’s not just MDN’s wild claim about this hellscape being created by Biden. The editors of the Wall Street Journal called the new EPA regulations “An EPA Death Sentence for Fossil-Fuel Power Plants,” with the subtitle “The Biden agency’s new rule means the end of natural gas-fueled electricity.”
Yesterday two radicalized Big Green groups–the Environmental Integrity Project (based in D.C.) and the Clean Air Council (based in Philadelphia)–filed a lawsuit against the Shell Polymers Monaca Plant (ethane cracker plant in Beaver County, PA), claiming the plant has repeatedly violated federal air pollution limits. The lawsuit requests the court assess huge fines and force it close down unless it can operate without any further violations of the federal Clean Air Act (CAA) and the federal Air Pollution Control Act (APCA). In other words, the radicals seek to shut down the $10 billion plant and keep it shut down–throwing 600 permanent employees out of work. Nice people at the Environmental Integrity Project and Clean Air Council, eh?
Spotlight PA, a partisan Democrat “newsroom” (propaganda outfit) powered by the Philadelphia Inquirer in partnership with Harrisburg Patriot-News, Pittsburgh Tribune-Review, and WITF PBS Public Media, is taking aim at the conventional drilling industry. In an article about the “crisis” of unplugged orphaned and abandoned conventional oil and gas wells, Spotlight PA, via interviewees, says the $400 million coming from the federal government is not nearly enough money to plug some 200,000+ old wells in the state.
Since 2015 we’ve reported on the case of Grant Township (Indiana County, PA), a town that passed an ordinance cooked up by the radical Big Green group Community Environmental Legal Defense Fund (CELDF) to try and block a state-approved injection well proposed by Pennsylvania General Energy (
A laughably fake “report” just published by the University of Pennsylania (UPenn) and the far-left group Resources for the Future (RFF) makes this wild claim about the Regional Greenhouse Gas Initiative (RGGI), a Marcellus-killing carbon tax scheme that will shut down most coal- and natural gas-fired power plants in the state: “Regional Greenhouse Gas Initiative would lower Pennsylvania emissions, add to state revenues, and have little to no impact on electricity rates.” Yeah, right. UPenn/RFF are trying to sell a bridge in Brooklyn too, just in case you’re in the market to buy one.
THE Delaware Riverkeeper appears to be obsessed with New Fortress Energy’s plan to liquefy natural gas in Bradford County, PA, and ship it via rail and truck to a former DuPont dynamite factory site in New Jersey along the Delaware River for export. Riverkeeper released a “report” (propaganda) bashing the LNG export plan. Riverkeeper paid a consulting firm that hires itself out to Big Green groups to produce the report.
Ever hear of the term MAD–or
Oklahoma has officially joined a growing list of states pulling its business from banks and investment firms that boycott the fossil fuel industry. Last week Oklahoma State Treasurer Todd Russ published a list of 13 firms, including BlackRock (the largest investment firm in the world), that the state will no longer do business with. The list also includes Wells Fargo, JPMorgan Chase, Bank of America, and State Street. This is how we fight back against the anti-fossil fuel cabal–by taking money out of their pockets–hitting them where it counts.
We’ve noticed that the more science and objective proof is offered to prove that the warming of planet Earth is a natural cycle and not caused by humans, the more shrill and unhinged the left becomes. They resort to name-calling (you’re a “climate denier”), and they even, in their unguarded moments, suggest that perhaps people who espouse an opinion different from theirs should be jailed (see
The Pennsylvania-based Community Environmental Legal Defense Fund (CELDF), along with Citizens for Rights of the Ohio River Watershed (CROW), are trying to gather enough signatures from Cincinnati residents to put a measure on a city ballot that would create a so-called Bill of Rights (i.e. bestow human rights) for the Ohio River and its watershed. We wonder what the Ohio River “thinks” about that! This isn’t the first time the radicalized CELDF has tried this stunt in Ohio (see 
CNX Resources held its annual meeting yesterday, which lasted all of 13 minutes. As we previously reported, one of CNX’s shareholders, a hotel owner from California (Jon Handerly), sought to force CNX to issue annual reports about the company’s efforts to comply with the so-called Paris goals of lower carbon dioxide emissions (see
The proxy firm hired by California hotel owner Jon Handerly is accusing CNX Resources of lying about its attempt to silence CNX CEO Nick DeIuliis. Handerly, using Proxy Impact, is attempting to get CNX shareholders to pass a proposal requiring the company to file annual reports on how the company measures up to the cockamamie “Paris goals” of reducing carbon dioxide emissions (see