SEC Flooded with Negative Comments on Proposed ESG Reporting
In March the U.S. Securities and Exchange Commission (SEC) said it will begin to force all publicly traded companies to disclose their so-called greenhouse gas (GHG) emissions and the imaginary climate risks their businesses face (see SEC Votes to Force Public Companies to Disclose Mythical GHG Risks). Comments on the onerous new rules were due last Friday. Yesterday we shared with you the negative comments against the proposed rules from CNX Resources and the IPAA (see CNX, IPAA File Comments Critical of SEC Proposed ESG Reporting Regs). Today we have a flood of additional negative comments filed against the onerous rules.
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Columbia Gas, a subsidiary of Canada-based TC Energy (formerly TransCanada), wants to build a tiny 3.37-mile, 8-inch pipeline under the Potomac River from Maryland to West Virginia. The Eastern Panhandle Expansion, as it is called, is being blocked by the lefties in Maryland (see
On Monday MDN brought you the news that West Virginia State Treasurer Riley Moore sent a letter to six big banks/investment firms alerting them they are about to be added to the state’s “blacklist” for violating policies by not investing or doing business with fossil fuel companies (see
Since 2013 anti-fossil fuel zealots–people with an irrational hatred of fossil fuels–have tried to ban drilling under (not on) public parks in Allegheny County, PA (near Pittsburgh). A small group of 100 radicals gathered outside the City-County building in downtown Pittsburgh last week to throw a collective temper tantrum, demanding Allegheny County Council ban any new drilling under county-owned parks (see 
Since 2013 anti-fossil fuel zealots–people with an irrational hatred of fossil fuels–have tried to ban drilling under (not on) public parks in Allegheny County, PA (near Pittsburgh). A small group of perhaps 100 radicals gathered outside the City-County building in downtown Pittsburgh last night to throw a collective temper tantrum, demanding Allegheny County Council ban any new drilling under (not on) county-owned parks.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it.” (Quote attributed to Joseph Goebbels, the head of Nazi Germany’s Ministry of Propaganda) The left so often adopts the attitude if you keep repeating the same lie over and over–preferably the bigger the lie the better–the lie will become accepted as the truth. State Sen. Katie Muth, D-Montgomery, chair of the Pennsylvania Senate Democratic Policy Committee, and Sen. Jim Brewster, D-Allegheny, are expert practitioners of this strategy with respect to lying about the Marcellus Shale and fracking. They were at it again last week holding a public (i.e. propaganda) hearing at the Community College of Allegheny County.
The so-called Regional Greenhouse Gas Initiative (RGGI), a tax on carbon dioxide emissions from coal and natural gas-fired power plants aimed at killing off those two sources of energy, is more expensive than ever. Pennsylvania Gov. Tom Wolf is forcing PA to join the RGGI cabal of 11 states (most of them in the northeast), a move endorsed by the man who wants to replace him in November, PA Attorney General Josh Shapiro (see
In April the New York State Assembly passed Assembly Bill A7389C. Early Friday morning the New York State Senate, on the last day of the current session, passed the same bill, sending it to Gov. Kathy Hochul’s desk for a signature. A7389C (full copy below) slaps a two-year moratorium on cryptocurrency mining (i.e. bitcoin mining) powered by electricity generated from burning fossil fuels. Here’s how it works in New York (we’ve seen this multiple times): First comes a moratorium that lasts a year or two, then the moratorium gets extended, and eventually the moratorium turns into an outright, permanent ban. That’s how it worked with fracking, and that’s how it will work with bitcoin mining in New York, a state that has become extremely hostile to business.
Last year the Bidenistas initiated a massive power grab of transferring the right of individual states to regulate local natural gas gathering pipelines to the federal government (see
In April 2019, President Trump signed an Executive Order (EO) instructing the Environmental Protection Agency to review Section 401 of the Clean Water Act–the section that grants states (and tribes) the right to have a say in pipeline projects (see
Follow This is a group of 8,000 far-left, radical investors who want to shut down the oil and gas industry by using big money invested in O&G companies to force board changes and new policies aimed at forcing “Big Oil” to self-harm. Follow This’ twisted vision of the future is forcing humanity back to Medieval Times when no oil and gas and plastics existed. Back to the time when humans lived to be about 35-40 years old and then died from disease or famine. Follow This and their ilk were having some success in forcing oil and gas companies to engage in self-harming activities (selling off assets, reduced drilling, investing in unreliable renewables, etc.). But since the pandemic and (now) since the war in Ukraine, many of the “advances” made by Follow This have evaporated.
Yesterday MDN brought you the news that Ohio Congressman Troy Balderson, Republican representing Ohio’s 12th Congressional District, recently introduced a resolution that officially recognizes American natural gas as a “green and clean” energy source (see