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.
SandRidge Energy is an oil and natural gas exploration and production company operating primarily in Oklahoma. Its operations have been directly linked to significant environmental damage, most notably through the inducement of seismic activity. The company's most important assets are located at the epicenter of Oklahoma's ongoing earthquake problem, which scientific studies have connected to wastewater injection from oil and gas production.
In 2016, the company reached a settlement with the SEC for withholding material information from investors, including details related to environmental liabilities and clean-up costs. More recently, in January 2026, the Texas Commission on Environmental Quality levied administrative fines against SandRidge Energy. The company's own regulatory filings acknowledge ongoing environmental risks and obligations, including plugging and abandonment liabilities for its wells.
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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.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.