“Shell has been a leader in peddling the gas myth for a decade or more, and it’s now clearer than ever that gas is over-supplied, over-hyped, and out of time.”
A new study published last week confirms what we already knew about oil and gas in the Permian Basin. It’s an unmitigated disaster.
“There is no regulatory framework for fracking that will keep the toxins out of air and water, or will protect the climate from carbon and methane releases. It can’t be done. It can’t be made safe. Like lead paint, we finally have to ban it.”
The Trump Administration is redoubling its assault on the climate. Part of that is trying to redefine fossil fuels as “molecules of U.S. freedom” and “freedom gas.”
The world’s largest oil exporter has signalled that it is investing in the world’s largest shale play. And that can only be further bad news for the climate.
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.