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.
Eversource Energy is a natural gas distribution utility serving approximately 4.3 million customers in Connecticut, Massachusetts, and New Hampshire through subsidiaries like NSTAR Gas Company. Natural gas delivery is a core business activity alongside electricity and water distribution.
The company has faced legal action over its marketing of natural gas. In 2022, Eversource paid a $1.8 million settlement with the Connecticut Attorney General over allegations of deceptive marketing that promoted natural gas as a clean energy source. A separate class action lawsuit filed in Massachusetts in 2024 alleges the company engaged in unfair and deceptive "green" marketing practices. As a regulated utility, Eversource has no announced plan to phase out its gas distribution network, which remains central to its operations.
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The Naughty List
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.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.