Dutch Pension Fund APG Buys 2 NYC Gas-Fired Electric Plants

New York Gov. Andrew Cuomo is on a mission to reduce, actually eliminate, the use of natural gas to produce electricity in the state (see New York Pulls the Trigger, Commits Energy Suicide with New Law). Yet a consortium led by Dutch pension fund investor APG has just cut a deal to buy two natural gas-fired electric plants operating in New York City. Go figure.
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Last April President Trump issued an Executive Order directing the Secretary of Transportation to write a new rule allowing specially constructed tanker cars for railroads (DOT-113 tank cars) to ship LNG, i.e., liquefied natural gas (see 
As we reported in December, New York Attorney General Tish James and her highly-paid associates were thoroughly, completely, 100% humiliated in court when their case against Exxon Mobil accusing the company of screwing shareholders by keeping secret knowledge they are toasting Mom Earth, is itself toast (see
This is so outrageous we don’t even have words for it. New York State’s highest court, with its judges appointed by Gov. Cuomo, ruled in 2014 that local municipal “home rule” laws to block fracking are just fine (see
New York State is experiencing the worst possible nightmare–and we can’t wake up. Following the November 2018 election, Democrats now control not only the governorship, but also both houses of the legislature–for the first time since 1964. Sure we’ve always had a Democrat-controlled Assembly (the lower chamber), but the Senate stayed in Republican hands, providing a check against rampant socialism. That check and balance disappeared beginning this year and the state’s far-left Democrats have used it to great advantage. Many of our Constitutional freedoms have disappeared *this year* in NY State. It’s sad and tragic. Before the Senate changes back to Republican control in the future, the state’s radicalized Democrats want to pass a permanent (instead of the existing temporary) ban on fracking statewide.
In August the Federal Energy Regulatory Commission (FERC) ruled that the New York Dept. of Environmental Conservation (DEC) took too long to deny a federal Clean Water Act “Section 401” water crossing permit for the Williams Constitution Pipeline project (see
On Wednesday, President Trump presided over the swearing in of Dan Brouillette to serve as the 15th U.S. Secretary of Energy. Vice President Mike Pence administered the oath of office. President Trump nominated Brouillette in November following the announcement of former Secretary Rick Perry’s resignation. He was confirmed last week by the U.S. Senate with a vote of 70-15. The second day on the job as Secretary, Brouillette came out swinging–at both New York and Russia.
There is a double standard in existence in New York. A CORRUPT double standard. And the corruption comes from Andrew Cuomo. In 2014 judges on NY’s highest court, the Court of Appeals (all them appointed by the governor) voted to uphold a disastrous energy policy that grants town boards of local municipalities the right to ban fracking, should the state ever allow it, in an entire community (see
As it turns out, Exxon didn’t know. You may recall the hue and cry from radical anti-fossil fuelers that #ExxonKnew–knew they were toasting mom earth by extracting and encouraging the burning of oil and natural gas. The New Attorney General’s office launched an investigation, and then a lawsuit, charging the same thing. The NY AG claimed Exxon had defrauded shareholders by covering up knowledge of global warming. The first lawsuit to go to trial against Exxon for causing global warming was in NY, where the AG (Letitia “Tish” James) headed up a disaster of a lawsuit. She (and her office) was thoroughly and completely humiliated by a NY judge who said she never proved anything. Her team’s performance was worse than that of a first-year law student.
In a new report titled “Getting Greener: Cost-Effective Options for Achieving New York State’s Greenhouse Gas Goals,” the Citizens Budget Commission (of New York) attributes the 13% greenhouse gas (GHG) emissions drop New York State saw between 1990 and 2016 to an increased usage of natural gas and nuclear power. According to the nonpartisan Commission, New York is “already green” and if it wants to stay that way, it needs MORE natural gas, not less!
The U.S. Supreme Court yesterday refused to hear a case that challenged a ruling in the Hoopa Valley Indian Tribe case–a ruling/case that has HUGE implications for Williams’ Constitution Pipeline running through New York State. The Supreme Court rejection is a crushing defeat for Big Green groups Trout Unlimited and California Trout, and very good news for the Constitution project.
In what is at least the second (maybe third or fourth) serious attempt, radical Democrats in the New York State legislature have floated a bill that would force NY’s public employee pension fund to completely divest any stock holdings in fossil fuel companies. Are NY retirees ready to take a $1 TRILLION hit in their wallets if it happens?
In October, MDN reported that Williams had temporarily withdrawn three of four applications with the New Jersey Dept. of Environmental Protection (NJDEP) to build its Northeast Supply Enhancement (NESE) pipeline project to offshore Long Island (see
We know, we know! You’re tired of MDN hammering man-child Andrew Cuomo, the tinpot dictator who styles himself “governor” of New York State, over his role in blocking pipelines and causing a natgas shortage crisis in the greater New York City area. But stick with us. If you read MDN (and Tom Shepstone’s
When bullies get away with their bullying, as New York Gov. Andrew Cuomo has done with natural gas utility National Grid (see