Boom! Louisiana Divesting $800 Million from BlackRock Funds
BlackRock, which encourages investors to divest from companies that refuse to tow the ESG line (i.e. fossil energy companies), is feeling the heat. That is, BlackRock is beginning to lose money. Big money. First, West Virginia announced that all state-run pension plans would divest the divestors of BlackRock (see WV Ends Business with 5 Banks Guilty of Boycotting Fossil Fuels). Texas, the second largest (by population) state in the country, was next (see TX Blacklists BlackRock & 9 Others – State Pension Funds to Divest). Then Florida, the third largest state in the country, announced it will divest from BlackRock (see Florida Follows WV, TX in Banning Investments in Woke ESG Funds). And now Louisiana has announced it will divest all BlackRock holdings–which total as much as $800 million!
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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?
A small group of landowners in southwestern Virginia who have lost all of their previous attempts to block Mountain Valley Pipeline (MVP) from crossing their property have made one last-ditch effort to fundamentally change the laws of the entire country to prevent this one pipeline. The landowners, obviously using Big Green money, have appealed their losing case to the U.S. Supreme Court, asking the high court to hear their case against FERC’s (the Federal Energy Regulatory Commission) right to delegate its eminent domain power to a private pipeline company–in this case to MVP.

An opinion column appearing in (of all places) Newsweek, a profoundly liberal publication, appears under the headline, “Environmentalism Is a Fundamentalist Religion.” That sure caught our attention! Written by Joel Kotkin, Presidential Fellow in Urban Futures at Chapman University, the column assumes that man-made global warming is happening (something we do not assume). But even operating with that assumption, Kotkin says what’s needed to combat so-called climate change is a “pragmatic approach based on adapting to real and verifiable dangers.” He goes on to say the left’s “war” against climate change is doomed to make things worse for most people. Kotkin is one of the few on the left who is refreshingly honest!
Pennsylvania State Senator Katie Muth’s attempt to block a proposed frack wastewater treatment plant in Dimock (hours away from her own district) is failing spectacularly. Muth tried to challenge and block a permit for the plant, an effort which was mostly rejected in court back in June (see
Anti-fossil fuelers at Penn State are trying their hardest to spin the results of a recent study by university researchers to say it shows a link between “elevated levels of chloride in groundwater” and fracking in Pennsylvania. As we read a summary of the study appearing on Penn State News, it was obvious the study proves just the opposite–that THERE IS NO LINK between the two!
A Democrat-led, partisan nonprofit calling itself Energy Future PA was launched yesterday. The anti-drilling former PA Auditor General, Eugene DePasquale (Democrat), is co-chair. The new group is also co-chaired by a RINO (Republican in Name Only)–former State Rep. Marguerite Quinn. Don’t get snookered by the fluffy platitudes from this organization. Make no mistake, Energy Future PA is partisan with a bent against shale energy.
The left just never stops, never gives up in its quest to control EVERY aspect of your life. The gold ring, the pinnacle, is to control your energy sources. Hence the hoax of global warming, supposedly caused by mankind. A new “tool” concocted by the far-left Carbon Tracker organization, called the
Two New York City Councilmembers recently introduced a resolution to block the construction of gas vaporizer expansions in National Grid’s Greenpoint Newtown Creek facility. The resolution calls on the state Dept. of Environmental Conservation (DEC) to deny a permit, and for the state Public Service Commission to deny allowing National Grid to fund it. National Grid is desperately trying not to run out of natural gas for its customers in Brooklyn and Queens (on Long Island). Antis are trying to force National Grid to do just that–run out of natural gas, leaving citizens in the cold in the dead of winter.