Tennessee Sues BlackRock for Misleading Investors re Aggressive ESG
BlackRock is the largest investment firm in the world, with around $9 trillion of investments under management. Larry Fink, the CEO of BlackRock, has pushed the so-called ESG (environment, social, governance) agenda for years. What the left and people like Fink mean by ESG is don’t invest in or use fossil fuel energy (E), everything is racist (S), and the government is always right when Democrats are in charge (G). Fink said earlier this year he would stop using the ESG term, although he continues to push the ESG agenda of divesting from fossil fuel companies (see Unrepentant BlackRock Won’t Use ESG Term, Still Forces Divestment). A number of states and even Republicans in Congress have pushed back against BlackRock’s ESG agenda, causing it to lose money. Now the company has a new concern: The State of Tennessee is suing BlackRock for violating consumer protection laws.
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Friday afternoon, CNX Resources issued a press release to announce it is officially pulling out of the previously announced multi-billion-dollar clean ammonia manufacturing facility in southern West Virginia, part of the ARCH2 (Appalachian Regional Clean Hydrogen Hub) project. Adams Fork Energy, Haldor Topsoe, and CNX announced the project in April with much fanfare (see 
This is one of those little gems we delight in unearthing for MDN readers — especially for our landowner/rights owner readers. Researchers from the University of Rochester and the University of Pittsburgh assembled a dataset of lease deals used in the Pennsylvania Marcellus (some 60,000 of them!) and analyzed the leases for compensation and clauses that may protect landowner health and the enjoyment of their properties. The researchers used the data to produce three main findings…
The slight rise in the national rig count, with the count going up by one or two rigs a week over the past five weeks (what we call a “dead cat bounce”), is over. The Baker Hughes U.S. rig count lost ground again last week. The count went from 626 active rigs two weeks ago down to 623 last week. The Marcellus/Utica stayed even at 41 active rigs last week.
In September 2022, MDN told you about a relatively modest-sized gas-fired power plant planned for Superior, Wisconsin, called the Nemadji Trail Energy Center (see 
MARCELLUS/UTICA REGION: Look at the evidence; OTHER U.S. REGIONS: Chevron slashes Calif. spending on ‘adversarial’ fossil fuel policies; NATIONAL: Biden govt sets only three fossil fuel leases for 2024–29; America was in a better position when Trump was president; Democrats revolt against Biden plan for expanded gas exports; INTERNATIONAL: US frackers return to haunt OPEC’s pricing strategy; SNB told to end fracking investment in petition signed by 60,000.
New shale permits issued for Dec 4 – 10 in the Marcellus/Utica were up by 2 over the previous week. There were 27 new permits issued last week versus 25 issued two weeks ago. However, there was a major surprise! Last week’s permit tally included 8 new permits in Pennsylvania, 9 new permits in Ohio, and 10 new permits in West Virginia. The pattern is typically the opposite, with PA receiving the most permits and WV the least. The company receiving the most permits last week was EQT Corporation, with all 10 of WV’s permits all on the same well pad in Marion County.
The Ohio Dept. of Natural Resources (ODNR) “temporarily” suspended the operations of four fracking waste injection wells in Athens County in September (see 
Yesterday, representatives from Tenaska gave a presentation to the Hancock County (WV) Commission detailing the company’s plans to drill carbon dioxide (CO2) injection wells in West Virginia, Ohio, and Pennsylvania. The company anticipates drilling seven CO2 injection wells/sites in WV, 12 wells/sites in OH, and three wells/sites in PA. Tenaska has established an office in Weirton, WV, as it works toward establishing its carbon capture and sequestration (CCS) process in the region. It hopes to have wells operations by 2027.
Earlier this week MDN told you that two of Gulfport Energy’s major investors were conducting a sale of what amounts to 3.5% of the company’s stock (see 
EPA Administrator Michael Regan used a considerable amount of fossil energy and emitted billows of carbon dioxide to jet over to Dubai to participate in the COP28 confab. At that event, Regan released his agency’s latest attempt to illegally regulate the oil and gas industry (see 
Freeport LNG’s export terminal with three liquefaction “trains” shut down in June 2022 after an explosion and fire (see