The prospects for the shale industry are looking increasingly bleak this year as it haemorrhages investor cash, continues to experience widespread community resistance, especially in Europe, and fails to find adequate gas reserves.
As the fledgling UK fracking industry bleeds investors’ money in alarming quantities on a daily basis, plagued by ongoing issues of democratic accountability, seismic activity, financial viability and on-going legal challenges, it will find no comfort from looking across the pond.
Donald Trump and Scott Pruitt, head of the Environmental Protection Agency, will awake this morning to the realization that they cannot simply roll-back President Obama’s environmental regulations, like you would the lid on an old sardine tin.
France’s new “Ecological Transitions” Minister says: “There will be no new exploration licences for hydrocarbons, we will pass the law this autumn”
Once again Big Oil has been forced to rely on brutal militarized force to bludgeon, bully, beat and intimidate peaceful water protectors fighting the Dakota Access Pipeline. But in the face of such violence and intimidation, the growing movement against new fossil fuels will not be intimidated, it will only grow.
Yesterday, a federal judge refused to issue a temporary injunction against construction of the highly controversial Dakota Access Pipeline. The latest setback for the First Nations fighting the pipeline means that it could be “operational in as little as 30 days”, according to a lawyer for the company building it, Energy Transfer Partners.
The protests by First Nations against the North Dakota pipeline are beginning to rattle the funders behind the highly controversial scheme. This means that the pipeline that once seemed unstoppable is increasingly looking vulnerable.
“Call the White House. Tell them this is unacceptable!!” someone tweeted yesterday, as people watched in horror as heavily armoured Police and law enforcement agencies moved to clear the water protectors in North Dakota fighting to stop the Dakota Access Pipeline.
Yesterday, a North Dakota judge today refused to authorize riot charges against the award-winning journalist from Democracy Now! Amy Goodman for her reporting on protests against the Dakota Access Pipeline.
Later today, the award-winning journalist and host of Democracy Now!, Amy Goodman will walk into a law enforcement office in North Dakota and hand herself over to the authorities. She stands accused of participating in a “riot”.