Southwestern Signs Deal to Sell “Responsible” NatGas to German Co.
Southwestern Energy yesterday announced a multi-year, certified Responsibly Sourced Gas (RSG) sales agreement to the North American subsidiary of Uniper, one of Germany’s largest publicly listed energy supply companies. Uniper will use the RSG gas it buys from Southwestern to resell to its customers here in the U.S., as well as send some of it to LNG export facilities where it will find its way to other countries, primarily in Europe. The molecules for the RSG agreement will come from both the Marcellus/Utica and from Southwestern’s newest plaything–the Haynesville Shale.
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In March West Virginia Gov. Jim Justice signed into law a new bill requiring the entire state government–all of the various state agencies and governmental departments–to stop doing business with any bank or investment firm that refuses to support coal, oil, and natural gas companies (see 
In March the U.S. Securities and Exchange Commission (SEC), corrupted by the Bidenistas, 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 
A new industry has popped up to buy and sell so-called carbon credits, allowing companies that reduce carbon dioxide from the atmosphere to offer credits for sale, and companies that “pollute” the atmosphere with CO2 to buy those credits, offsetting their evil ways. We think the Catholic practice of buying and selling indulgences for sins in the 1300s and 1400s is an accurate comparison. One such company offers a blockchain platform for buying and selling carbon credits (carbon indulgences). The company has just raised $70 million in its first round of funding.
Fighting back against the campaign by the left to defund fossil energy companies is winning. It is the divestors, companies like BlackRock, that now face the ash heap of history as states like Texas and West Virginia are pulling investments with banks and hedge funds that advocate divesting from fossil energy. Companies like BlackRock are trying to have it both ways, claiming they still invest in fossil energy. But their words (and actions) expose them as frauds. They don’t fool TX and WV and others who have decided to divest from the divestors. The result is that so-called ESG investing (investing in companies that pledge allegiance to the flag of ESG over profits) is beginning to crash and burn.
Efforts by brave states like Texas and West Virginia in fighting back against companies like BlackRock who demand divestment from any activity involving the extraction of fossil fuels is having an effect. The divestors are beginning to squeal like little piglets. In June 2021, Texas Gov. Greg Abbott signed a bill into law that bans state investments in banks, investors, and other companies that have cut ties with the oil and gas industry (see 
In December, Tennessee Gas Pipeline (TGP), a subsidiary of Kinder Morgan, filed a proposal with the Federal Energy Regulatory Commission (FERC) to implement a “responsibly sourced natural gas (RSG) supply aggregation pooling service” at select locations across the TGP system (see 
Over the past decade or more landowners have been approached about leasing their property and/or mineral rights–for shale drilling, pipelines, solar and wind farms, etc. Here’s a new one to add to the list: pore rights. Pore space is the underground space where carbon dioxide that’s captured from various processes can be injected and stored, keeping it locked away underground where it theoretically won’t damage Mom Earth. The whole concept of storing CO2 underground would be funny if it were not so sad that grownups are actually doing this. But we digress. Leasing pore rights may be the next big thing for landowners and mineral rights owners in the Marcellus/Utica region as carbon capture and storage takes off. However, who owns pore rights? Landowners or mineral rights owners?