Today’s essential reads.
French lawmakers opened debate on Tuesday on proposals to ban a method for extracting oil and gas deposits from shale because of environmental concerns, throwing up the first serious stumbling block to firms that want to use the practice.
Hydraulic fracturing, in pursuit of shale gas, can cause serious groundwater problems, which are sometimes excused on the ground that the climate needs natural gas to displace coal. It’s therefore shocking to learn that shale gas could have worse GHG emissions than coal…
Harvesting natural gas by natural fracturing, or fracking, involves injecting large quantities of water and other fluids to fracture deep rock formations thus liberating the methane within.
BP OIL SPILL:
BP Plc (BP/) said it isn’t responsible for damages to boats that participated in its oil-spill cleanup program or for the losses of Gulf Coast businesses idled by the U.S. deep-water drilling moratorium.
“The well blew out because a number of separate risk factors, oversights, and outright mistakes combined to overwhelm the safeguards meant to prevent just such an event from happening. But most of the mistakes and oversights at Macondo can be traced back to a single overarching failure—a failure of management. better management by BP, Halliburton, and Transocean would almost certainly have prevented the blowout by improving the ability of individuals involved to identify the risks they faced, and to properly evaluate, communicate, and address them.”
There are clear signs that a new Arctic oil rush has begun.
It’s been more than a year since the BP oil spill. After an entire year, things still aren’t fixed, coastlines still aren’t clean and wildlife is still in danger. A year is a long time and while claims from BP and a current lack of media coverage may lead you to believe everything is okay, it isn’t.
JAPAN NUCLEAR CRISIS:
An environmental watchdog group is criticizing the federal government for scaling back its radiation monitoring, while simultaneously planning to raise allowable levels of radiation releases in food, water and soil after a nuclear incident.