“Offshore fracking threatens Gulf communities and wildlife far more than our government has acknowledged.”
The decision could give private companies more power to take state land, but experts point to a thicket of legal obstacles that remain in the pipeline’s way.
A new report finds that the productivity of ExxonMobil’s wells in the Permian basin declined in 2019, raising “troubling questions about the quality” of its assets.
The accounting companies hired by oil companies to evaluate their inflated financial claims are on the hook from investors frustrated by the lack of accountability.
The fracking industry’s over-the-top claims to investors have been the norm, but even when proven to be fraudulent, companies suffer almost no consequences.
Fracking and the increased truck traffic created by the industry raise levels of air pollution significantly, and exposure to air pollution raises heart attack risk.
“Banks are losing money and investors are stuck in investments they can’t get rid of.”
The associated petrochemical buildout that the region has pinned its hopes on as the future of natural gas is “unlikely,” the report states.
Roughly 530,000 people live within three miles of an oil and gas flare.