This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Atlas Energy Solutions Inc. is a provider of proppant and logistics services to the oil and natural gas industry, operating primarily within the Permian Basin. The company's core business is the production, refinement, and distribution of frac sand, a specialized sand used as a proppant in hydraulic fracturing operations to extract oil and gas. It also provides logistics services, including transloading and last-mile delivery of proppant to well sites, and generates rental revenue from distributed power equipment used in these operations. This suite of services is specifically designed for and marketed to upstream fossil fuel operators.
The company's operations are concentrated in the oil and natural gas producing regions of West Texas and New Mexico. Its stated focus is on leveraging technology and automation to serve the energy industry, with its solutions directly enabling and supporting fossil fuel extraction activities.
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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