Coterra Energy (Cabot O&G) | Energy Companies | Industrywide Issues | Litigation | Pennsylvania | Susquehanna County
Law Firm Targets Cabot for Class Action Claiming Securities Fraud
We should have guessed this was coming. A New York City law firm has launched what it hopes will turn into a class action lawsuit against Cabot Oil & Gas for securities fraud following the sleazy attempt by Pennsylvania Attorney General Josh Shapiro to turn a 12-year-old accident (methane migration) into a felony (see PA AG Charges Cabot with Enviro Crimes for Long-Settled Dimock). The law firm is currently “investigating” Cabot, encouraging shareholders to sign up to express their interest in forming a class action lawsuit. An actual lawsuit hasn’t been filed…yet.
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Pennsylvania’s Pipeline Investment Program (or PIPE) grants cover part of the cost of building new natgas pipelines to connect homes and businesses in rural parts of the state to homegrown Marcellus Shale gas supplies. We’ve written about many of the more-than-a-dozen (so far) PIPE grant projects in the past (
The Washington & Jefferson College Center for Energy Policy and Management (Washington, PA) is hosting a free webinar series on “
Yesterday the Pennsylvania Senate Environmental Resources and Energy Committee held a virtual hearing on Gov. Wolf’s plan to bypass the state legislature and force the state to join the so-called Regional Greenhouse Gas Initiative (RGGI), a group of northeastern states attempting to assassinate coal and gas-fired power generation by taxing it to death with an insane carbon tax (see 
Last October PA Gov. Tom Wolf, in a naked power-grab, said he would try to force PA to join the so-called Regional Greenhouse Gas Initiative (RGGI), a group of northeastern states attempting to assassinate coal and gas-fired power generation by taxing it to death with an insane carbon tax (see 
In March a worker hired to x-ray welds on sections of the Mariner East 2 pipeline in southwestern Pennsylvania was charged with falsifying records–that he falsely claimed to have performed work when he didn’t (see 
In the American system of justice, when someone is accused of committing a crime, they are presumed innocent under the law until it is proven, in a court of law, they have committed said crime. But when a defendant, someone accused of committing a crime, is a fossil fuel company, that defendant is automatically presumed to be guilty. There is no presumption of innocence. That’s what is happening to Cabot Oil & Gas.
In Ohio, it costs drillers $5,500 to file for and receive a permit to drill a new shale well. In West Virginia, the cost is $10,150. In Pennsylvania, it has cost drillers $5,000 for a new shale well permit. Following a meeting yesterday of the PA Independent Regulatory Review Commission (IRRC), PA’s permit fee is about to zoom to the top of the M-U list: $12,500 (2 1/2 times the previous fee). In fact, the cost of a shale permit in PA will become the highest in the country.
Earlier this week Pennsylvania Attorney General Josh Shapiro announced an indictment of Cabot Oil & Gas for allegations of methane migration going back more than a decade (see 
We previously told you that Pennsylvania House Speaker Mike Turzai, a long-time champion for the Marcellus Shale industry, would leave office as of Monday (see 
The door has been closed on “Dimock” (in Susquehanna County, PA) for years. Dimock, you may recall, was made famous by Josh Fox’s so-called documentaries Gasland and Gasland 2, aired endlessly on HBO. His allegations about fracking malfeasance by Cabot Oil & Gas were completely debunked in a real documentary called 
After spending years and hundreds of thousands of dollars to investigate Range Resources over a simple regulatory matter settled years ago by the Pennsylvania Dept. of Environmental Protection, PA’s leftist Attorney General, Josh Shapiro, announced on Friday he had finally bullied Range into pleading “no contest” to so-called environmental crimes (misdemeanors), forcing the company to pay $50,000 in fines and $100,000 to Shapiro’s favorite Big Green charities. Does that sound like a success to you? Shapiro spent multiple hundreds of thousands of taxpayer dollars to force the company to pay $150K. Sounds like Shapiro is The Biggest Loser to us.