Select Energy Services, Inc.
WTTR
Energy
1
exclusion reason
1 theme
Select Energy Services, Inc. is screened out under 1 exclusion reason spanning 1 issue category.
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. It is a statement of values.
Select Energy Services, Inc. (now Select Water Solutions, Inc.) was criminally charged for its role in a scheme to bypass air pollution controls at natural gas well sites. The company entered into a non-prosecution agreement and paid a $2.3 million monetary penalty in 2020. The charges stemmed from a conspiracy where a subsidiary, Rockwater Northeast LLC, pleaded guilty to violating the Clean Air Act by using “green completion” equipment to intentionally vent natural gas—a potent greenhouse gas—directly into the atmosphere instead of capturing it. This deliberate act of air pollution, documented by the U.S. Environmental Protection Agency’s criminal enforcement division, caused significant, preventable environmental harm. The incident is recorded in ViolationTracker as a major air pollution violation. While the company has since rebranded with a “water-first” focus, this criminal enforcement action for intentional environmental damage remains a material part of its operational record.
Research Sources
1 organization
Related Exclusions
Wondering what we do invest in?
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.