Harvard Endowment Lost $2.3B Last Year Due to ESG Investing
ESG investing is a euphemism from the left that means divesting from fossil energy companies. ESG investing has become all the rage in recent years. We have shared a number of articles about large pension funds in places like New York City divesting from fossil energy companies. As is typical, California is way ahead of the rest of the country in this regard. The huge California Public Employees’ Retirement System (CalPERS), with $479 billion in assets under management, has been investing using ESG guidelines for more than a decade. A recent Wall Street Journal article revealed CalPERS has lost huge amounts of money by focusing on ESG investing (see Dark Side of ESG – Huge Losses for Investors, High/Regressive Taxes). Harvard went all-in last year with its ESG investing program–and lost $2.3 billion!
Read More “Harvard Endowment Lost $2.3B Last Year Due to ESG Investing”
This is how deeply global warming brainwashing has gone in our children. A couple of kids (judging from media pictures) who belong to a fringe group called Just Stop Oil want to influence the British government to stop ALL new oil and natural gas projects–onshore and offshore. The tactic chosen by the kids to convince the adults to stop all new drilling was to throw tomato soup on a priceless Vincent van Gogh painting called “Sunflowers” in London’s National Gallery last Friday.
In March 2019, MDN told you about a new Williams plan to beef up the Transco pipeline in Pennsylvania and New Jersey, to deliver an extra 829 MMcf/d (originally 1 billion cubic feet per day) of Marcellus gas to PA, NJ, and Maryland (see 
The attacks against American energy by the Biden administration come so fast and so frequently, we can’t keep up with them. Here’s one that slipped by us. On July 7, the U.S. Department of Energy (DOE), under the “leadership” of the very dull Jennifer Granholm, proposed rulemaking for Energy Conservation Standards for Consumer Furnaces, which would amend the energy conservation standards for non-weatherized gas furnaces and mobile home gas furnaces, eliminating natgas furnaces used in millions of American homes. The American Gas Association (AGA) filed a blistering response on Oct. 6, saying the new rule would be harmful to consumers, counterproductive to energy efficiency goals, and unlawful.
In just the past week, woke/leftist investment firm BlackRock (the largest investment firm in the world) has lost over $1 billion of investment money from two states: Louisiana (see 
The laughably misnamed Inflation Reduction Act (IRA) is now law. Hopefully, a Republican takeover in Congress in November will mute some of the aspects of this terrible new law, but we’re not holding our breath. IRA is the law and we must now deal with it as such. While there is a mini-gold-rush mentality about the law and its $8 billion allocated for hydrogen projects, the overall aim of the IRA is to transition the entire economy of the United States away from using fossil energy to using so-called renewable energy by showering renewables with mountains of money. We predict here and now that the effort to convert America to renewables using the IRA will utterly and completely fail–for one main reason…
If fossil energy companies believe they can make their chosen business and industry more palatable to radical environmentalists, like Food & Water Watch (FWW), by jumping into hydrogen whole-hog, they need to think again. As we’ve been warning for months, the kook/left/fringe of the environmental movement has declared hydrogen as big of an enemy as natural gas (see 
Help! We’re in a nightmare, and we can’t wake up! It feels like we’re in one of those interminable Halloween movies (there’s a new one coming out this month called Halloween Ends, can you believe it?). Picture this: A president who already tilts far to the left and has dementia manages to sucker a “moderate” Democrat from West Virginia to vote for a falsely named climate bill (calling it Inflation Reduction), getting the bill passed. And that bill contains $40 BILLION for the federal EPA to use for (among other things) concocting new regulations to impose on the oil and gas industry, circumventing states’ rights as enumerated under the U.S. Constitution. The EPA is about to unleash those onerous new regulations–this week–just in time for Halloween! God help us all.
For years the left has not been able to win debates, nor win the hearts and minds of citizens, because there are conservatives willing to stand up and air an opposing view. The conservative view often makes the most sense. And so conservatives win arguments and win the support of a majority of citizens by using sound and rational reasoning. The left simply cannot compete with common sense. How does the left combat the situation? By demanding an end to free speech. In the same way the left labels some people as racists in order to shut them up and stop any debate, the left now insists that anyone with a viewpoint they don’t hold is spreading “disinformation” and is “dangerous” and must be stopped. It is most noticeable in the debate over global warming. If you say anything other than the accepted leftist meme that mankind is destroying the earth by burning fossil fuels, you are spreading disinformation and are a danger to society. Free speech is very close to dying in this country–because of the left.
On Monday, MDN told you that the University of Pittsburgh (Pitt) Graduate School of Public Health and the Pennsylvania Department of Health (DOH) had “suddenly” pulled out of an event scheduled for yesterday to update the public on Pitt’s research on the potential health effects of hydraulic fracturing in Pennsylvania (see 
It doesn’t take much these days to buy yourself a “study” that shows what you want it to show. So-called scientists are for hire all over the place. Take, for example, “researchers” at Stanford University and the University of Arizona. All that the far-left Environmental Defense Fund (EDF) had to do was put some money into the pockets of a couple of “researchers” from those schools, and voila! A new “peer-reviewed” study was published yesterday that claims natural gas gathering pipelines (in the Permian Basin) leak like sieves. Oh yeah. It’s FAR worse than anyone had ever thought. All that methane is leaking and toasting Mom Earth, and the villain is gathering pipelines. What a load of…
Princeton University’s endowment, the fourth largest in the U.S., is bowing to cancel culture and is going to divest any holdings it has in some (but not all) fossil energy companies, including Exxon Mobil and Suncor Energy. Princeton is in good company with other Ivy League dunces, including Cornell University (see 
In August, Jennifer Granholm, hands down the most incompetent Secretary of Energy ever to hold the office, sent a letter to seven major refinery companies threatening them that if they don’t scale back exports of gasoline, diesel, and other liquid petroleum products, Granholm will have old dementia Joe whip up an executive order slapping a ban on such exports (see 
Some 225 hypocritical nutters were whipped into a frenzy by Big Green and its so-called Beyond Plastics campaign during a Zoom call Tuesday night to “prepare” for the startup of Shell’s mighty ethane cracker plant in Monaca, PA. It was really quite hilarious. There was talk of nurdle patrols, “sacrifice zones,” and celebrations over defeating Joe Manchin’s permitting reform bill. Why hypocritical? Because every single person on the call was using a computer or phone made out of (wait for it)….plastics. The clothes on their bodies and shoes on their feet are made largely from plastics. The cars and boats and paraphernalia they use to hunt down evidence of environmental plastics pollution from the cracker plant–all made from plastics. We wonder, Do they know how stupid they look?