S&P Global Re-Wokeifies? Offers Gas Carbon Intensity Measures
In August, MDN brought you the good news that the S&P (Standard & Poor’s) credit rating agency, called S&P Global Rating (the largest of the Big Three credit-rating agencies), had dumped its system of numerically ranking corporate borrowers on their ESG risk on a scale of 1 to 5 — just two years after implementing it (see S&P Global De-Wokeifies – Dumps ESG Scores from Credit Ratings). S&P said the company would rather include information about a company’s ESG (environment, social, governance) efforts in its analytical discussion section and not with a simple numerical value. Smart move. But what’s this? Is S&P “re-wokifying” once again? S&P Global Commodity Insights, another division at S&P, announced yesterday it is launching “carbon intensity measures and associated carbon-accounted price assessments” for eight key North American natural gas trading hubs. One of them is in the Marcellus/Utica.
Read More “S&P Global Re-Wokeifies? Offers Gas Carbon Intensity Measures”
INTERNATIONAL: LNG buyers in Asia look to resell supply; Cameron LNG expansion FID and LNG Canada startup in 2024.
Two weeks ago, Pennsylvania Gov. Josh Shapiro (liberal Democrat) launched, with much fanfare, 
For more than a decade, MDN has brought you stories about shale development on and under land controlled by the Muskingum Watershed Conservancy District (MWCD), an agency formed in 1933 to help control flooding and promote water conservation in the Muskingum River watershed area of Ohio, an area that covers 8,000 square miles (
Yesterday, MDN brought you the news that the North American Electric Reliability Corp. (NERC) is sounding the alarm that more than half of the U.S. and parts of Canada, home to around 180 million people, could fall short of electricity during extreme cold again this winter (see 
Earlier this year, Sempra Infrastructure, a subsidiary of Sempra, announced it had reached a positive final investment decision (FID) for the development, construction, and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas (see 
An innovative financial solutions company based in Houston, TX, called OneNexus, just announced a new “insurance” plan for drillers called WellSecure that will pay out money to plug an old oil or gas well when it hits end-of-life. WellSecure is the only insured financial contract that provides long-term financial security for the purpose of funding oil and gas decommissioning liabilities. No more worrying about whether a company will have enough money to plug old wells. With WellSecure, the money is (literally) in the bank!
A new study from the Texas Public Policy Foundation finds that the actual hidden costs of fueling an electric vehicle, which some allege equates to $1.21 per gallon of gas, is more like $17 per gallon — all things considered. In a new paper recently published called “Overcharged Expectations: Unmasking the True Costs of Electric Vehicles” (full copy below), the study’s authors argue that while the direct cost of “fueling up” to an EV owner may appear low, the real costs and considerations add up to be significantly more. The wheels are beginning to fall off EV cars.
In January 2016, Invenergy announced its intention to build a natural gas-powered electric plant in rural Elizabeth Township, in Allegheny County, PA (see 
In January, Ohio House Bill (HB) 507 became law with the signature of Gov. Mike DeWine (see 
Freeport LNG’s export facility on Quintana Island, TX, is again experiencing problems. Freeport LNG’s export terminal with three liquefaction “trains” shut down in June 2022 after an explosion and fire (see 
In May, the Bidenistas at the Environmental Protection Agency (EPA) released a hellscape of new regulations called the Clean Power Plan 2.0, aimed at forcing coal- and natural gas-fired power plants to close (see