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.
Williams Companies operates 33,000 miles of natural gas pipeline infrastructure that moves approximately one-third of all natural gas consumed in the United States for heating, cooking, and power generation. Its flagship Transco pipeline — the nation's largest-volume natural gas pipeline system — extends 10,000 miles from south Texas to New York City and moves about 20% of U.S. natural gas production, with system-design capacity exceeding 20 billion cubic feet per day.
Williams is actively expanding, not merely maintaining, this infrastructure. The Texas to Louisiana Energy Pathway project added 364 million cubic feet per day of capacity; the Southeast Energy Connector added 150 million cubic feet per day. The Power Express project, expected in service by Q3 2030, will add 950 million cubic feet per day. The company's entire business model is fossil fuel transportation and processing. There is no material non-fossil revenue segment and no announced transition away from natural gas infrastructure.
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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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