Fossil Fuel Transportation
Conduct Screen Fossil Fuels
Transportation, storage, and processing of fossil fuels: pipelines, terminals, LNG facilities, storage operators. Essential infrastructure with limited near-term replaceability.
60 companies currently excluded under this screen
Excluded Companies (60 total)
Showing 25 of 60 companies excluded under this screen.
| Ticker | Company | Reason |
|---|---|---|
| KMI | KINDER MORGAN INC | Kinder Morgan operates one of North America's largest fossil fuel transportation and storage networks, a core business that defines its exclusion under midstream infrastructure. As of December 31, 2025, the company owned or operated approximately 78,000 miles of pipelines and 136 terminals, handling natural gas, refined petroleum products, and carbon dioxide. Its terminal operations alone make it the largest independent terminal operator on the continent. This infrastructure network has a documented history of environmental and safety violations. In April 2025, the Bay Area Air Quality Management District fined Kinder Morgan $226,990 for air quality violations at its Richmond terminal, involving faulty tank roofs and excess fuel storage levels. ViolationTracker documents additional penalties, including a 2022 pipeline safety violation by subsidiary SFPP LP that resulted in a $1.49 million penalty from the Pipeline and Hazardous Materials Safety Administration (PHMSA). A 2014 report by environmental groups cited a pattern of violations, including fines for stealing coal from customer stockpiles and misleading air pollution regulators. The company’s operations are essential infrastructure for the fossil fuel sector, with limited near-term replaceability. While Kinder Morgan is expanding its carbon dioxide transportation segment, its core network remains overwhelmingly dedicated to transporting and storing oil and gas, locking in fossil fuel dependence for decades. |
| NWN | Northwest Natural Holding Co | Northwest Natural Holding Co operates a natural gas distribution utility serving approximately 2.5 million customers in Oregon and Washington. Its core business is the transportation and storage of fossil gas through an extensive network of pipelines and storage facilities. The company owns and operates 21 billion cubic feet of underground gas storage capacity in Oregon and maintains LNG storage facilities, positioning gas infrastructure as a long-term strategic asset. The company faces a 2024 lawsuit filed by Multnomah County, Oregon, which alleges NW Natural deceived the public about the climate impact of its products while knowing that burning natural gas contributes to global warming. Simultaneously, a separate class-action lawsuit filed by customers accuses the company of "greenwashing" in its carbon offset program, claiming it misled customers about completely offsetting the emissions from their natural gas use. These legal actions center on allegations that the company marketed its fuel as climate-friendly without adequate substantiation. NW Natural's business model is fundamentally tied to the expansion and maintenance of fossil fuel infrastructure. Its integrated resource planning and forward-looking statements treat natural gas storage and pipeline capacity as critical, long-term investments. There is no company plan to phase out its gas distribution network or transition its core utility service away from fossil fuels. |
| EPD | Enterprise Products Partners LP | Enterprise Products Partners L.P. operates one of the largest and most diversified midstream energy networks in North America. Its core business is the transportation, storage, and processing of fossil fuels. The partnership operates approximately 50,000 miles of pipelines transporting natural gas, natural gas liquids (NGLs), crude oil, and refined products. It also owns significant storage capacity, fractionation plants, and marine terminals, forming an essential link between upstream producers and downstream consumers. This infrastructure is directly involved in fossil fuel supply chains. For example, its natural gas transmission pipelines move gas from processing facilities to downstream markets, and its NGL pipelines transport mixed liquids from gas plants and refineries to fractionation and storage hubs. The partnership's operations are integral to the continued extraction and consumption of oil and gas. An incident underscoring the operational risks of this network occurred when officials confirmed a fire involved an underground pipeline owned and operated by Enterprise Products Partners. Enterprise's vast, integrated systems are capital-intensive and designed for long-term operation, representing a material commitment to fossil fuel infrastructure with limited near-term replaceability for clean alternatives. The partnership's business model is fundamentally tied to the volume and flow of hydrocarbons. |
| NGS | Natural Gas Services Group, Inc. | Natural Gas Services Group, Inc. is a provider of natural gas compression equipment and services, renting, operating, and maintaining this essential midstream infrastructure for the energy industry. Its business model is directly tied to the transportation and processing of fossil fuels, providing the mechanical equipment necessary to move natural gas through pipelines. The company’s operations support the full fossil fuel supply chain, from wellhead to market. Its compression services are fundamental to gas gathering, processing, transmission, and storage—activities that enable the continued extraction and consumption of natural gas. The company’s financial filings note that its business faces risks from financial institutions limiting activities with fossil fuel companies, indicating its revenue is intrinsically linked to the fossil fuel sector. While the provided evidence does not detail a specific environmental incident or violation by Natural Gas Services Group itself, its equipment enables the infrastructure cited in broader industry reports. For instance, all operational U.S. LNG terminals, which rely on midstream compression and processing, have documented histories of noncompliance with the Clean Air Act. The company’s services are integral to maintaining and expanding this fossil fuel infrastructure system. |
| NJR | New Jersey Resources Corp | New Jersey Resources Corp operates a significant natural gas midstream business through its NJR Energy Services (NJRES) and NJR Midstream subsidiaries. NJRES manages a diversified portfolio of natural gas transportation and storage assets, with pipeline capacity and storage facilities located across the Gulf Coast, Eastern Seaboard, Southwest, and Mid-continent regions. NJR Midstream owns and operates natural gas pipeline and storage infrastructure. This business represents essential fossil fuel infrastructure with limited near-term replaceability. The company has faced regulatory enforcement actions related to its operations. In June 2019, the United States filed a complaint against NJR and 20 other corporations for environmental violations involving the improper management of 38 underground storage tanks at 13 gas station facilities. Furthermore, in October 2022, the New Jersey Attorney General, NJDEP, and the Division of Consumer Affairs filed a lawsuit accusing major oil companies, including those in NJR's value chain, of deceptive business practices for concealing the risks posed by fossil fuels for decades. While a judge dismissed this specific climate deception lawsuit in February 2025, the initial allegations underscore the regulatory and legal risks embedded in the fossil fuel sector NJR supports. |
| CQP | CHENIERE ENERGY PARTNERS LP | Cheniere Energy Partners, L.P. operates the Sabine Pass LNG Terminal in Louisiana, one of the world's largest liquefied natural gas facilities, with total production capacity exceeding 30 million tonnes per annum. The terminal includes five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent and operational regasification facilities. More than 85% of its output is under long-term contracts, and the company has outlined plans for a significant expansion that would add approximately 20 million tonnes per annum of new capacity. The company's core business is the transportation, processing, and export of fossil fuels as LNG. In 2025, its corporate parent, Cheniere Energy, sought "alternative fuel" tax credits for its LNG exports, a claim that drew scrutiny for applying clean energy incentives to a fossil fuel product. While the company reports a methane emissions intensity below a 0.03% target for 2024, this pertains only to a fraction of the lifecycle emissions of the natural gas it processes and exports. The infrastructure it operates is capital-intensive and designed for decades of service, creating a long-lived asset dedicated to fossil fuel midstream activities with no announced phase-out plan. |
| OKE | ONEOK INC | ONEOK is a midstream energy company whose core business is the transportation, storage, and processing of fossil fuels. It operates approximately 50,000 miles of pipelines and provides gathering, compression, treating, processing, fractionation, storage, and marine export services. Its extensive infrastructure network includes large storage and terminal capacity anchored at Mont Belvieu, a major hub for natural gas liquids (NGLs). The company’s operations have been central to legal disputes over market conduct. In 2015, the U.S. Supreme Court ruled in *ONEOK, Inc. v. Learjet, Inc.*, a case where natural gas purchasers filed state-law antitrust claims. The purchasers alleged that interstate pipelines, including ONEOK, had manipulated natural gas indices, causing them to overpay. While the Supreme Court’s decision centered on federal preemption, the underlying allegations highlight the company’s integral role in the fossil fuel transportation and pricing system. ONEOK’s business is defined by this essential midstream infrastructure, which supports the continued flow and market for natural gas and NGLs. There is no evidence of a company-wide plan to transition this asset base away from fossil fuels. |
| KEX | Kirby Corp | Kirby Corporation is the premier tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System. Its service includes the transporting of petrochemicals, black oil, and refined petroleum products by tank barge. These operations constitute essential midstream infrastructure for the fossil fuel industry, moving products from refineries and storage facilities to a variety of destinations. The company has a documented history of environmental violations related to this core activity. In 2019, Kirby Offshore Marine Operating LLC was ordered to pay $2.9 million in Canada, with $2.7 million of that for the offence of depositing a deleterious substance into water frequented by fish, in violation of the Fisheries Act. Separately, the United States and the State of Texas brought an action against Kirby Inland Marine LP to recover damages for environmental harm. While Kirby reports that approximately 98% of its emissions are from its marine transportation fleet and notes a decline in total CO2e emissions since 2015, its business model remains fundamentally tied to fossil fuel logistics with no announced transition plan away from this activity. |
| MPLX | MPLX LP | MPLX LP owns and operates a midstream energy infrastructure network spanning approximately 60,000 miles of pipelines, along with storage terminals, processing plants, and marine docks. Its business model is centered on transporting and processing crude oil, refined petroleum products, natural gas, and natural gas liquids for a fee. This infrastructure is essential for the continued extraction and consumption of fossil fuels. The company has a documented pattern of regulatory violations concerning this infrastructure. In 2018, MPLX paid a $925,000 penalty and completed supplemental environmental projects to settle federal and state allegations that it failed to control volatile organic compound emissions and comply with permit and record-keeping requirements at its facilities, as detailed in a Clean Air Act settlement. A 2023 filing notes the company’s ownership of gathering, processing, and fractionation assets, underscoring the scale and permanence of its fossil fuel logistics operations. There is no public commitment or plan to transition this core business away from fossil fuels. |
| SLNG | Stabilis Solutions, Inc. | Stabilis Solutions, Inc. is a vertically integrated provider of liquefied natural gas (LNG) production, storage, transportation, and fueling infrastructure. Its core business is building and operating the midstream systems—often called "virtual pipelines"—that enable the distribution and consumption of fossil gas. The company provides turnkey LNG solutions for remote power generation, marine fuel, and as a temporary supply during pipeline outages, directly facilitating the continued use of natural gas. The company has secured long-term contracts to expand this fossil fuel infrastructure. In February 2026, Stabilis secured a multi-year LNG supply contract worth approximately $200 million for U.S. power generation. In early 2026, it also landed an agreement to supply LNG as a marine fuel to a major cruise line, advancing its planned LNG bunkering terminal at the Port of Galveston. While the company positions itself as an "energy transition company," its primary activity is the transportation and storage of fossil fuels, with no announced plan to phase out its gas infrastructure. |
| PAGP | Plains GP Holdings LP | Plains GP Holdings LP operates a midstream energy infrastructure network that is central to the transportation, storage, and processing of fossil fuels. Its primary assets include an extensive system of crude oil and natural gas liquids (NGL) pipelines, storage caverns, terminals, and processing facilities strategically located across key U.S. producing basins. This infrastructure is essential for the continued flow of oil and gas from wellhead to market. The company has a documented history of significant environmental violations related to this core activity. ViolationTracker records a total of $304 million in penalties across 24 environmental enforcement actions. This includes a single oil spill penalty of $230 million. A major 2020 settlement with the U.S. government, requiring over $60 million in penalties and cleanup costs, stemmed from a 2010 case resolving Clean Water Act violations for ten crude oil spills across four states. These repeated incidents and penalties indicate systemic operational failures in the company's pipeline and storage network. |
| ET | Energy Transfer LP | Energy Transfer LP operates one of the largest and most extensive networks of midstream energy assets in North America, including over 114,000 miles of pipelines transporting crude oil, natural gas liquids, and refined products. This infrastructure is essential to the operations of fossil fuel producers and refiners, categorizing the company as a provider of fossil fuel ancillary services. The company has a documented history of operational and regulatory failures directly tied to this infrastructure. It has reported hundreds of hazardous liquid spills to federal regulators, including incidents involving crude oil and refined petroleum products. A 2025 lawsuit alleges the company unlawfully manipulated the price of natural gas futures and options contracts on the NYMEX. Furthermore, the company is the subject of a securities class action lawsuit concerning disclosures made by its senior executives. This pattern of incidents and legal challenges underscores systemic governance and operational risks inherent in its role servicing the fossil fuel sector. |
| BROG | Brooge Energy Ltd | Brooge Energy Limited operates a midstream oil storage and service business, strategically located outside the Strait of Hormuz adjacent to the Port of Fujairah in the United Arab Emirates. With the opening of its Phase II facility in 2021, the company became the second largest independent oil storage operator in the region, providing essential infrastructure for the global fossil fuel trade. The company’s core business is fundamentally tied to fossil fuels, but its exclusion is primarily driven by severe regulatory and financial misconduct. In December 2023, the SEC charged Brooge Energy and former executives with fraud, finding that the company created false invoices to inflate revenues from its oil facilities by over $70 million. This massive fabrication of financial records led to a securities class action lawsuit and ongoing Nasdaq compliance issues. The SEC order details a scheme involving collusion to fabricate audit evidence, a fundamental breach of market integrity that calls into question the company’s governance and operational reporting. |
| SMC | SUMMIT MIDSTREAM CORP | Summit Midstream Corp operates a network of natural gas gathering, processing, compression, and transportation pipelines, primarily serving production basins in the Rocky Mountains, North Dakota, and Texas. Its business model is fee-based and dependent on the volume of fossil fuels it moves. The company recently expanded its system in the Denver-Julesburg Basin through acquisition and entered into a new long-term natural gas transportation agreement for its Double E Pipeline, extending its revenue visibility for over a decade. Its financial results are directly driven by these midstream activities, with the company forecasting 2026 EBITDA between $225 million and $265 million. This infrastructure is essential for the continued production and consumption of fossil fuels. The company’s operations and growth investments are explicitly tied to natural gas and crude oil volumes, with limited near-term replaceability for renewable alternatives. There is no public commitment or business plan to transition these assets or services to support clean energy. |
| TGP | Teekay LNG Partners LP | Teekay LNG Partners L.P. (now Seapeak LLC) is an owner and operator of liquefied natural gas (LNG) carriers. The company provides marine transportation services for LNG under long-term, fixed-rate charter contracts to major energy companies. Its fleet is a core piece of infrastructure for the global LNG supply chain, moving fossil fuels from production and liquefaction facilities to markets worldwide. This business model is classified as providing ancillary services to fossil fuel operators, as the company does not extract or refine fuels but enables their transport and trade. The company's operations are central to the fossil fuel industry. Its services are contracted to major energy companies, and its revenue is directly tied to the volume of LNG transported. In December 2024, the Pareto SICAV fund explicitly flagged Teekay LNG Partners LP as "exposed to fossil fuel" under relevant financial regulations. The company provides no indication of a strategic transition away from fossil fuel logistics. |
| WMB | WILLIAMS INC | 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. |
| VG | VENTURE GLOBAL INC | Venture Global Inc. (NYSE: VG) is the second-largest LNG exporter in the United States, operating liquefied natural gas export terminals in Louisiana. The company's Calcasieu Pass facility began production in 2022, and the Plaquemines LNG terminal commenced operations in December 2024 with approved peak capacity of 27.2 million metric tonnes per annum (mtpa), with expansion plans for an additional 18.6 mtpa. Venture Global reported $13.8 billion in revenue and $6.3 billion in adjusted EBITDA for 2025 (176% revenue growth year-over-year). The company has faced over 2,000 documented air permit violations at Calcasieu Pass per the Louisiana Bucket Brigade, and sought to increase permitted flaring hours from 60 to 500 (833% increase) and total air emissions from 3.9 to 4.6 million tons (17% increase). The Plaquemines site consumed up to 100,000 gallons of freshwater per day during construction. Venture Global IPO'd on the NYSE in early 2025 with a market cap exceeding $36 billion. |
| NEXT | NextDecade Corporation | NextDecade Corporation is developing the Rio Grande LNG export terminal near Brownsville, Texas, a midstream fossil fuel infrastructure project designed to liquefy and export natural gas. The planned facility would consist of up to eight liquefaction trains with a total capacity of approximately 48 million tonnes per annum, supported by the affiliated Rio Bravo Pipeline for gas supply. The project's federal approvals have faced legal challenges on environmental grounds. In 2025, a federal court remanded key permits to the Federal Energy Regulatory Commission (FERC) for deficiencies in its environmental review, though the court noted FERC could likely address the issues "while reaching the same result." Subsequently, NextDecade canceled the carbon capture and storage component it had previously promoted for the terminal, eliminating a planned mitigation feature. The company's primary activity and stated purpose is the development of this large-scale LNG export infrastructure. |
| NGL | NGL Energy Partners LP | NGL Energy Partners LP operates a diversified midstream business centered on the transportation, storage, and marketing of crude oil, natural gas liquids, and refined products. Its core segments include crude oil logistics, water solutions for oilfield production, and refined products/renewables. The company's infrastructure, including pipelines, terminals, and storage facilities, is essential for the ongoing operation of the fossil fuel supply chain. The partnership's operations have been marked by significant regulatory and legal issues. In 2018, NGL reached a $25 million Clean Air Act settlement with the U.S. government, agreeing to retire 36 million renewable fuel credits to resolve allegations of violations. Furthermore, in 2021, a jury found NGL liable for breach of contract and breach of fiduciary duty in a lawsuit brought by LCT Capital, awarding damages. The company's financial reporting has also required restatements of unaudited quarterly results. |
| PAA | Plains All American Pipeline LP | Plains All American Pipeline LP operates a vast midstream network of pipelines, terminals, and storage facilities dedicated to transporting and storing crude oil, natural gas liquids, and refined petroleum products across the United States and Canada. This infrastructure is central to the company's business, forming the essential link between fossil fuel production and downstream markets. The company has a documented history of operational failures within this network. In 2010, Plains settled Clean Water Act violations for ten crude oil spills across four states. More recently, in December 2024, the company reached a $72.5 million settlement with the California State Lands Commission and an insurer over allegations of negligent pipeline maintenance. Regulatory scrutiny extends to its Canadian operations, where in 2015 the National Energy Board ordered Plains Midstream Canada to undergo an independent third-party audit of its federally regulated pipelines. |
| PBA | Pembina Pipeline Corp | Pembina Pipeline Corporation operates an extensive network of fossil fuel transportation and storage infrastructure across North America. Its Pipelines Division provides conventional oil, heavy crude, and natural gas pipeline transportation, terminalling, and storage services in key market hubs in Canada and the United States. The company's core business is the midstream movement of fossil fuels, with over 70 years of service to the energy industry. The company is actively expanding its fossil fuel infrastructure footprint. In December 2025, Pembina secured a 12-year agreement with natural gas producer Ovintiv for 0.5 million tonnes per annum of liquefaction capacity, supporting the Cedar LNG project. This development follows a 2022 settlement agreement related to its operations, underscoring its ongoing, material role in fossil fuel logistics. The business model is centered on essential fossil fuel infrastructure with limited near-term replaceability. |
| STNG | Scorpio Tankers Inc | Scorpio Tankers Inc. is a global provider of marine transportation for petroleum products. Its entire business is dedicated to the seaborne transport of refined fossil fuels, including gasoline, diesel, jet fuel, and other crude oil derivatives. The company owns, leases, or finance-leases a fleet of over 100 product tankers, making it a central player in the downstream oil distribution network. The company’s operations are directly tied to the consumption of fossil fuels. Its 2024 Annual Report identifies regulatory risks related to “the oil and natural gas industry” and “companies with fossil fuel-related assets.” While Scorpio Tankers is exploring efficiency technologies like fuel-saving devices and a pilot carbon capture project, these measures address the emissions intensity of the transport service, not the fossil fuel nature of the cargo itself. The company provides no stated plan to transition its fleet away from transporting petroleum products. |
| EE | EXCELERATE ENERGY INC | Excelerate Energy operates a global fleet of Floating Storage and Regasification Units (FSRUs) and develops onshore LNG import terminals, providing essential midstream infrastructure for the transportation and processing of fossil fuels. The company’s business model is built on expanding access to liquefied natural gas, with its infrastructure enabling the delivery of natural gas to markets worldwide. The company explicitly acknowledges in its SEC filings that climate policies aimed at reducing fossil fuel use pose a material risk to its business. Its public narrative emphasizes providing "clean, reliable, and affordable energy," a claim that aligns with industry efforts to position natural gas as a climate solution despite its significant greenhouse gas emissions. Excelerate’s operations, including the recent milestone of its 3,000th ship-to-ship transfer, are focused on scaling LNG trade, locking in fossil fuel infrastructure for decades. |
| ATO | Atmos Energy Corporation | Atmos Energy is one of the largest natural-gas-only distributors in the United States, serving approximately 3.4 million residential, commercial, public authority, and industrial customers across eight states. The company is the largest natural gas distributor in Texas, Louisiana, and Mississippi. Its Distribution segment owns 76,000 miles of underground distribution and transmission mains. The Pipeline and Storage segment operates 5,700 miles of gas transmission lines and manages five underground storage facilities in Texas. Revenue for the twelve months ending December 2025 was $4.87 billion, a 16% year-over-year increase — the company is actively growing its gas infrastructure, not maintaining legacy systems. Atmos Energy's entire business model is natural gas distribution and transmission; there is no material non-fossil revenue segment. The company has no announced plan to transition away from fossil fuel distribution. |
| TTE | TotalEnergies SE | TotalEnergies is the world's third-largest LNG player, with a global portfolio of 44 million tonnes per annum in 2025 and status as the number one exporter of U.S. LNG at approximately 19 million tonnes annually. The company operates an integrated midstream gas value chain spanning production, pipeline transport, access to over 20 Mt/y of regasification capacity in Europe, global LNG trading, and LNG bunkering for maritime vessels via a joint venture with CMA CGM. TotalEnergies took final investment decision on Rio Grande LNG Train 4, adding 6 Mtpa and bringing the plant's total capacity to approximately 24 Mtpa by 2030. It acquired Anadarko Basin natural gas assets connected to Henry Hub through existing midstream infrastructure. TotalEnergies is actively expanding LNG infrastructure on multiple continents, including projects in Qatar, Mozambique, and the U.S. Gulf Coast. |
+ 35 more companies excluded under this screen
Sign in to see the full list. We cap the public list to keep our research from being scraped wholesale.
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.
RSS feed
No spam · Unsubscribe anytime