Mgmt Shakeup at One of Biggest “Responsible Gas” Certifiers in M-U
There are four primary certification standards now in use by Marcellus/Utica (and other shale play) producers that want to prove the gas they produce is responsible, with low methane emissions. The original three include (1) Project Canary’s TrustWell Certification, (2) Equitable Origin’s EO100, and (3) The MiQ Standard (see Who Certifies Responsibly Sourced Gas (RSG) & How Does it Work?). Last December, we noticed a fourth new initiative on the part of several M-U companies (see Williams, Coterra, Dominion Partner on Certified Low-Emission Gas). That new initiative is built on an open-source set of protocols by GTI Energy. The first organization on our list of four, Project Canary, promotes itself as the most comprehensive of the certifying authorities. Big news: Project Canary is changing strategies and changing top management…
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Last Friday, MDN told you about a new Cambridge University study published in the journal Science exposing the sale of carbon credits as a scam (see 
MiQ, one of four major certification authorities for so-called responsible gas, issued its First Half 2023 update yesterday to mark the organization’s major milestones. Among them, MiQ now claims it is THE largest methane emissions certifier in the country, certifying 20% of all U.S. natural gas production. MiQ continues to expand its geographical footprint, independently certifying 18 facilities from 11 natural gas producers during the first half of 2023. The organization also launched the world’s first comprehensive greenhouse gas certification and registry for LNG to enable buyers to track 100% of emissions along the supply chain.
The left is always full of good intentions. They declare if we hit so-called “net-zero” carbon dioxide emissions (holding carbon emissions to levels from years ago, even though there are more mammals on earth breathing out CO2 with every breath), we’ll save Mom Earth from toasting herself to death. And they set a target date 30 years into the future (2050). It’s always “do this by that date or we all die” with the left. Those dates come and go and…we don’t die. But being wrong every single time doesn’t bother them. Let’s assume for a moment we do need to reach net-zero (however you define it) by 2050. What would that look like here in the U.S.? In a word, it’s a nightmare.
Last week S&P Global Ratings, the largest and most important of the Big Three credit-rating agencies, which include Moody’s Investors Service and Fitch Ratings, announced it is ditching its system of numerically ranking corporate borrowers on their ESG risk (see 
Greylock Energy is headquartered in Charleston, WV, with offices in West Virginia, Pennsylvania, Utah, and Wyoming and operations scattered throughout Appalachia and the Rockies. The company’s assets comprise more than 1.19 million acres, about 6,700 wells, including the operation of 4,000 wells throughout Appalachia (shale and conventional) and 2,600 miles of pipeline. Grelock has contracted with a company called Tachyus (headquartered in Houston, TX) to use its cloud-based greenhouse gas tracking and reporting service called Aurion. The purpose is, of course, to lower Greylock’s carbon and fugitive methane footprint–and to prove that it has lowered it.
S&P Global Ratings is a credit rating agency and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, including Moody’s Investors Service and Fitch Ratings. In what can only be characterized as an earthquake in the so-called ESG movement, S&P Ratings announced it is ditching its system of numerically ranking corporate borrowers on their ESG risk on a scale of 1 to 5–just two years after implementing it. Why?
This story reinforces what we have said FOR YEARS: The radicalized environmental left will NEVER be satisfied that fossil energy is acceptable, no matter what we do to ensure it’s “clean and green.” As we have said so many times before, the environmental left is unreasonable–not able to be reasoned with. Irrational. Haters. We have new evidence for our claims. There are four major certification schemes to ensure natural gas produced in the U.S. is “responsible”–or clean and green. In March, the Bidenistas began to sniff around the certification authorities to grab that authority for themselves. A cabal of some 150 “environmental” (leftist Communist) groups are telling the Bidenistas not to bother. Gas will never be acceptable.
As we point out in another story today about Olympus Energy selling its “responsible gas” via a deal with Tenaska, what the left means by ESG (Environment, Social, Governance) and what the shale industry means by ESG, are two different things. When companies like BlackRock talk about forcing the companies they invest in to toe the line with respect to ESG, it means forcing those companies to divest from fossil energy. Republicans in the U.S. House of Representatives are pushing back hard against investor ESG nonsense because it threatens the retirement funds of this country’s massive middle class.
The left is insidious–and relentless. They thought they had a winning issue with so-called ESG, or 
Other than not using the term ESG (environment, social, governance), Larry Fink, the CEO of the world’s largest investment firm, BlackRock, hasn’t changed. He intends to keep pushing ESG without calling it that. Fink tells the companies that BlackRock invests in to lower carbon emissions (i.e., stop using fossil energy, and stop making loans to fossil energy companies). He is completely unrepentant, even though state after state is dropping his company’s services.
Republican pushback against ESG (environment, social, governance) madness finally appears to be making a difference. Sometimes it seems as if the side of righteousness never makes any progress. And then, an act of Congress comes along to complete a gas pipeline. And now, more good news. Big Insurance companies are leaving a United Nations climate alliance in droves–because of Republican pushback. Let’s sit back and bask in the glow of success!