SEC Votes to Force Public Companies to Disclose Mythical GHG Risks
You can’t quantify it. Heck, you can’t even actually prove it’s happening. But the U.S. Securities and Environment (er a, Exchange) Commission, corrupted by the Bidenistas, will begin to force all publicly traded companies to disclose their so-called greenhouse gas (GHG) emissions and the imaginary climate risks their businesses face. It would be hilarious if not so sad. Our country is rapidly descending into Communism–there’s no other way to say it. Companies will now have to pretend they care about supposed man-caused global warming and cook up hokey methods for evaluating how much carbon dioxide not just themselves, but their customers “emit” into the air when using a company’s products (so-called Scope 3 emissions). Will companies be forced to count the exhalations for each employee, since every time a person exhales they breathe out CO2? This is a COMPLETE disaster.
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William S. Scherman worked as general counsel (the head lawyer) for the Federal Energy Regulatory Commission (FERC) from 1990-1993, during the presidency of George H.W. Bush (the elder Bush). Scherman worked in FERC when Iraq invaded Kuwait. President Bush wanted options from FERC, asap, about what the agency could do to help alleviate an energy crisis being caused by madman Saddam Hussein. Sound familiar with what’s happening today? Back then FERC went on a “wartime footing” and relaxed rules that restricted the output of traditional and alternative electric generators and granted special permission for natural gas to be produced and transported flexibly and freely nationwide. Scherman says it’s time for FERC to go on wartime footing again.
OTHER U.S. REGIONS: How blue-state policies are making America more dependent on hostile foreign oil; NATIONAL: American liquefied natural gas can replace more Russian gas; Largest federal utility chooses gas, undermining Biden’s climate goals; INTERNATIONAL: Has Russia ostracized itself from global oil market for good?; Halliburton, Schlumberger, Baker Hughes freeze Russian ops; IEA plan won’t snip Europe’s energy ties to Russia.
You might think that Toby Rice, son of Daniel Rice III who was, at one time (for over a decade), the single most successful and profitable mutual fund manager in the world, was born with a silver spoon in his mouth. You might think that everything was given to Toby Rice on a silver platter. You would be wrong. Prior to running the largest natural gas producer in the U.S., Toby Rice was, among other professions, a chimney sweep (cue the song from Mary Poppins, Chim Chim Cher-ee). He then swept floors for $9 an hour while he attended grad school to learn about fracking. Toby knows what it’s like to work (hard) for a living.
In the early days of the Marcellus and Utica Shale, a number of studies and predictions were made about how the industry would bring tens of thousands of jobs and inject billions of dollars into state economies. In Ohio, a Cleveland State University (CSU) report issued in 2012 predicted that Ohio’s then-growing fracking industry would add 66,000 direct and indirect jobs and $5 billion a year to the state’s economy by the end of 2014 (see 
In May 2021 MDN told you that Louisville Gas and Electric Company (LG&E) had won Kentucky state approval to build a new 12-inch, 12-mile pipeline near Louisville to supply gas to 62 homes and businesses that can’t connect to LG&E’s local natgas utility system (see 
According to the Philadelphia Inquirer, refineries in the Greater Philly area are among the biggest importers of Russian crude oil in the U.S. President Biden recently slapped a ban on imports of Russian crude oil. So what happens to the Philly refineries that use it? Where will they get their oil from to keep operating?
The left is so predictable–no matter if they are here in the U.S. or somewhere else in the world. And the left never seems to change. Back in the late 1970s when failed President Jimmy Carter faced an oil shortage situation, he recommended people turn down their thermostats and wear sweaters. The left always operates from a “shortage” paradigm rather than an abundance paradigm. Today, history repeats itself. The leftists that infest the International Energy Agency (IEA) told us last year that new oil and gas exploration should immediately stop worldwide (meaning in the U.S.) to save Planet Earth from Global Warming monsters (see 
Cancel culture strikes again. The Evil Empire has won another battle (but not the war). MDN first told you about plans to build the Chickahominy Power Station, a 1,650 megawatt state-of-the-art natural gas-fired power plant in Charles City County, VA, in June 2018 (see 
The U.S. Energy Information Administration published an article yesterday pointing out that both petroleum (oil) and natural gas are and will continue to be the most-used forms of energy in the United States through 2050. In fact, both oil and gas use will continue to rise through 2050. This is completely contrary to the “renewables are almost here and fossil fuels almost gone” narrative peddled by the left. The EIA, now under the control of the Bidenistas, can’t ignore the truth. But here’s the larger story not told by EIA in its post, but evident in the chart used: Fossil energy will continue to be used four times as much as so-called renewables in 2050.
Consolidated Edison (Con Ed), the local gas and electric utility serving Manhattan Island and Westchester County in the New York City region, has proposed increasing electricity rates by 17.6% and natural gas rates by a stratospheric 28.1% beginning Jan. 1, 2023. Why so high for both? Lack of natural gas in the region. Why is there a lack of natural gas? Lack of pipelines from the Pennsylvania Marcellus Shale.
The left always fights dirty. One of their favorite tactics is to demand a change in the rules of the game when they are losing. Free enterprise, allowing the best companies and best solutions to win based on economics, doesn’t work in the world of leftwing radicals. They seek to skew things–change the rules–tie a 50-pound weight on the back of the runner next to them in order to give themselves an advantage in a race. Which is exactly what’s happening in New England, where UNRELIABLE renewables (solar and wind) are complaining to FERC and FERC’s Chairman, Richard “Dick” Glick, a former wind lobbyist, that electricity auctions are awarded to natgas-fired power plants instead of so-called renewables because natgas is 100% reliable and renewables are not. Time to change the rules.