M-U State Treasurers Threaten Banks that Won’t Lend to Fossil Fuels
The state treasurers from all three actively producing Marcellus/Utica states, including Stacy Garrity (PA), Robert Sprague (OH), and Riley Moore (WV), along with the state treasurers from 11 other oil and gas producing states, sent a letter to John Kerry, Biden’s so-called Climate Envoy, telling Kerry and other Biden officials to stop pressuring banks and other financial institutions to divest from fossil fuel companies. The treasurers also issued a warning to those banks and financial institutions letting them know their states (all 14 of them) will collectively pull their money out of those banks and financial institutions–BILLIONS of dollars–if the banks and financial institutions persist in divesting from fossil fuel companies. Fossil fuel haters: BACK OFF!
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In an effort to flow more Marcellus natural gas to a starving New York City, Kinder Morgan cut a deal with utility company Consolidated Edison in 2019 to provide more gas by beefing up capacity along its Tennessee Gas Pipeline (TGP) that feeds NYC, allowing Con Ed to avoid cutting customers off from natgas hookups (see 
Gordon Tomb, a senior fellow at the Commonwealth Foundation (Pennsylvania’s free-market think tank) has some strong words for those want to put all of PA’s energy eggs into the so-called renewables basket: “‘Green’ energy proposals are no economic therapeutic for Pennsylvania. They’re snake oil miracle cures that ignore the realities of physics–and people’s needs.” So begins a column by Tomb. It’s a verbal slap across the face to get the attention of people who either won’t, or can’t, think for themselves about the glaring failures of a policy to convert to all-renewable energy, and what a total conversion would mean for the state (a complete disaster).
In theater of the absurd, yesterday a bunch of sleazy politicians, headed by the grandmaster sleazoloa himself, Pennsylvania Attorney General Josh Shapiro, unveiled proposed new anti-Marcellus legislation based on a ginned-up, fake anti-shale grand jury report that Shapiro manipulated and orchestrated last year (see 
Radical environmentalists continue to use the City of Oberlin, Ohio to try and advance their agenda of ending the use of natural gas pipelines. And Oberlin willingly lets them do it. We’re referring to the latest court filing by Oberlin (actually by Big Green lobbyists using Oberlin) contesting the Federal Energy Regulatory Commission (FERC) decision to approve the NEXUS pipeline, a pipeline from the Utica Shale into Michigan that’s been flowing for years connecting to a pipeline that exports some of the gas into Canada. Oberlin says FERC’s approval of NEXUS is faulty because some gas gets exported and is not “in the public interest.”
The judge in a lawsuit initiated by Cabot Oil & Gas against a Susquehanna County, PA landowner and his lawyers has had it up to here with the ongoing stonewalling and delay tactics by the landowner’s lawyers. “Four years we’ve been spinning our wheels on this nonsense,” the judge said. “The court is extremely frustrated, to put it politely.” The judge bordered on being impolite at a hearing last Thursday…
MDN has been writing about a privately-owned dump near Scranton, the Keystone Sanitary Landfill, for the past decade (
Headquartered in Philadelphia, PECO (a subsidiary of Exelon Corp.) is Pennsylvania’s largest electric and natural gas utility, delivering power to more than 1.6 million electric customers and more than 532,000 natural gas customers in southeastern Pennsylvania. Last fall PECO floated a plan to build a natural gas reliability station in Marple Township (Delaware County, PA) to allow the company to distribute more natural gas into Delaware County through 11.5 miles of new natural gas main lines. As you might expect, the neighbors in the densely populated area of the reliability station are up in arms over the plan (see 
New York State has become outright hostile to any business remotely connected to fossil fuels. NY is prejudiced and discriminates against oil and natural gas. The latest example is a “bitcoin miner” that uses natural gas to produce electricity to power some serious computers. Even though the company is doing its best to atone for its “sin” of using natural gas via buying indulgences (aka carbon offsets), environmentalist wackos still oppose the facility located in Dresden, near beautiful Seneca Lake (one of New York’s Finger Lakes) in the central part of the state.
Our friend Mark Mathis at the Clear Energy Alliance has done it again. Mark has produced another fantastic, short video (4 1/2 minutes long) that superbly explains the modern “climate crisis” panic that we see being forced on the public day after day by a compliant media. We are told by very stupid people like Alexandria Ocasio-Cortez (Occasional-Cortex) that we have just 10-12 years and then it’s all over. We’re done. We’re toasted. Because we continue to burn fossil fuels. She’s a certifiable idiot. Why do large multi-national corporations, Big Green groups, and others continue to promote her wildly wrong theories and Green New Deal? As Mark so eloquently summarizes: panic = profit. People are making money from this gigantic global warming hoax.
The Democrats who run some of the largest cities in the United States thought it would be easy to target, attack, and bring down Big Oil the same way they did Big Tobacco a generation ago–with neverending, huge lawsuits. Big Mistake. Yesterday the U.S. Supreme Court struck down a lawsuit brought by the leftist Dems from the City of Baltimore, Maryland against BP, Chevron, Shell, Exxon and other Big Oil companies, alleging the use of oil and gas is causing catastrophic, man-made global warming. Based on a technicality, the Supremes ruled 7-1 against Baltimore, rejecting the lawsuit and making it much harder for other cities to try the same sleazy tactic.
This Wednesday the radicals of “Protect PT” (Penn Township)–a group funded with shadowy Big Green money–will try to convince the Democrats sitting on Pennsylvania’s Supreme Court to overturn legal and safe shale drilling at well pads in Penn Township (Westmoreland County, PA). Olympus Energy (formerly Huntley & Huntley) previously submitted plans to drill multiple wells on two new well pads in the township. The Zoning Hearing Board approved the plans.
It honestly is one of the most bizarre things we’ve ever seen. The largest publicly-owned natural gas utility in the country, Philadelphia Gas Works, is actually looking at and considering the best ways it can kill itself. The implications are many. First and foremost it’s completely racist, as ending the sale of natural gas so will skyrocket the utility bills of its 500,000 customers, who are primarily people of color (44% African American, 14% Latino, 7% Asian = 65% in total). There is no way a majority of Philly residents can afford to wholesale replace their stoves and furnaces at a cost of tens of thousands of dollars. Yet there’s no mention of racism in reporting on this bizarre issue.
The Massachusetts Municipal Wholesale Electric Company (MMWEC) has paused plans (30 days minimum) to build a much-needed natural gas “peaker” power plant in Peabody, MA. Why? “To address concerns raised by local residents and advocacy groups.” In other words, a small number of crazies are out in force, bullying a tiny power plant that will only operate during peak demand–somewhere around 10 days out of the whole year!
Ellen Wald is a senior fellow at the Atlantic Council’s Global Energy Center, and president of Transversal Consulting, a global energy and geopolitics consultancy. She is the author of “Saudi, Inc.,” a history of Aramco and how the Saudi royal family controls this multitrillion-dollar enterprise. Ellen is one of our favorite Forbes authors. She recently published a fantastic editorial in The Hill (rag targeting DC swamp dwellers). Wald writes that President Biden’s plan that commits the U.S. to reduce its greenhouse gas (GHG) emissions over the next eight years to about 50 percent of what they were in 2005 is “impossible, unrealistic and insufficient.”