One of the leading trade associations promoting fracking in the U.S. sees Putin’s war in Ukraine as a flagrant opportunity to sell more LNG gas. And lots of it. They are calling on the U.S. to “unleash American energy’s strength and security”.
Marcellus Shale
With U.S. shale peaking & having “never made money,” investors lose billions
A report from the financial auditing firm Deloitte says the “reality is that the shale boom peaked without making money for the industry in aggregate. In fact, the US shale industry registered net negative free cash flows of $300 billion, impaired more than $450 billion of invested capital, and saw more than 190 bankruptcies since 2010.”
As UN says we are “way off track” on CO2; White House says “let’s bailout out dirty shale”
Instead of responding responsibly to the climate crisis, the chief climate denier in the White House, Donald Trump, continues to promote the fossil fuel industry. And even worse, he wants to bail out his fossil fuel friends in response to the rapidly declining oil price.
“They’re unsafe, they’ll never be safe”
Just as the political opposition to crude by rail trains is growing in the US over the latest crash along the Colombia River Gorge, so is the public opposition.
Keepin’ it in the Ground: New York Shale Gas by the numbers
This week’s historic decision by New York Governor Cuomo to ban high-volume fracking in New York State comes as the local health risks of fracking are becoming increasingly clear. The decision followed the release of a long awaited New York Health Department study that acting state health commissioner, Dr. Howard A. Zucker, said had found “significant public … Read More