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Olympus Energy Says ESG is in Company’s DNA

A month ago MDN told you about some of the biggest drillers in the Marcellus/Utica announcing new or expanded ESG (environment, social, governance) programs during their quarterly updates (see Marcellus/Utica Drillers Going Whole Hog on ESG Efforts). It’s not just the big companies. Smaller M-U drillers, like Olympus Energy, are expressing fealty to ESG too. In fact, Olympus says ESG is baked into its DNA…
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Marcellus/Utica Drillers Going Whole Hog on ESG Efforts

Although we’ve heard about ESG (environment, social, governance) efforts by shale companies for years, it seems as though Marcellus/Utica drillers have only recently begun to get the ESG religion. In December we told you about an ESG panel discussion at Hart Energy’s DUG East event, normally held in Pittsburgh but virtual this year (see M-U Companies Must “Walk the ESG Walk” to Get Investment Money). And just a few weeks ago we brought you a deep dive into the ESG issue from RBN Energy (see What, Exactly, is ESG and Why are Shale Companies Embracing It?). During the recent spat of 4Q/2020 updates from M-U drillers, we’ve seen a big push on ESG.
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What, Exactly, is ESG and Why are Shale Companies Embracing It?

Back in December MDN told you about reports coming from the Hart Energy DUG (Developing Unconventional Gas) East event, that Marcellus/Utica companies are getting the ESG religion (see M-U Companies Must “Walk the ESG Walk” to Get Investment Money). ESG stands for “environment, social, governance.” Woke investors are demanding filthy fossil fuel companies get onboard with ESG or risk losing investments from pimple-faced Millenials.
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M-U Companies Must “Walk the ESG Walk” to Get Investment Money

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On Wednesday, Hart Energy held its annual DUG (Developing Unconventional Gas) East event. This year the event was virtual instead of in-person at the convention center in Pittsburgh. One acronym seemed to be on the lips of nearly every speaker at this year’s event: ESG, which stands for “environment, social, governance.” Speakers said if Marcellus/Utica companies want to get new investment from the big money libs who now control the financial markets, they better “talk the talk and walk the walk” when it comes to ESG.
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