Fossil Fuel Hatred Run Amok: Sierra Club Against Clean Air in PA
Converting from burning coal to burning natural gas to produce electricity is, according to the vast majority of Americans, a good thing to do. Coal burns much dirtier than natgas–it’s a plain and simple fact. We’re not slamming coal or saying we should stop burning coal–we’re just keepin’ it real. When Invenergy announced they planned to build Pennsylvania’s largest gas-fired electric plant near Scranton, in Jessup Borough (Lackawanna County), PA, and fire it with cheap, abundant and clean-burning Marcellus Shale gas, most folks welcomed it (see Marcellus Gas to Power Combined-Cycle Electricity Plant in NE PA). Oh, there’s always a small minority who oppose such plans (see Gas-Powered Electric Plant to be Built “on Thousands of People”). You would think so-called environmentalists would be the first in line to support such a project because it makes the air cleaner. But then, you would be wrong. A classic case in point is the Sierra Club–an organization that exists to fundraise. The Sierra Club is against the Jessup electric plant project. Why? Because it will “encourage further natural gas hydraulic fracturing in Northeast Pennsylvania”…
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Ever hear of a special-purpose acquisition company, or SPAC? How about a “blank check company”? No, neither had we. The man who once described himself as the biggest fracker in the world, Aubrey McClendon, filed paperwork with the Securities and Exchange Commission (SEC) on April 7 to float an initial public offering (or IPO) for a company called Avondale Acquisition Corp., which describes itself in the filing as a “newly organized blank check company” that will “focus on potential mergers or other deals with existing businesses in the onshore U.S. oil and gas sector.” It is, in a sense, just a different pocket being sewn onto Aubrey’s trousers from which he can dip his hand in and pull out money placed there by other people–to buy more leases and operations in places like the Utica and Marcellus. How much money does Aubrey hope to find in that pocket? About $200 million…
The shakedown is complete. In June 2012 Reuters tried to stir up trouble against Chesapeake Energy by broadcasting “leaked” (Watergate anyone?) emails that somehow magically appeared on the Reuters doorstep that supposedly show Chesapeake trying to collude with Encana Energy to keep the price of Michigan state land oil and gas leases artificially low (see
You may recall MDN has tracked the issue of potential LNG (liquefied natural gas) exports from Canada that would use, in part, Marcellus Shale gas. There are five such possible LNG projects, four of them based in Nova Scotia (see