February 15, 2012

As part of the fiscal year 2013 budget [PDF] released on Feb. 13, President Obama proposed to eliminate $40 billion in tax breaks for oil and gas producers over the next 10 years. Yesterday, theYale Project on Climate Change reiterated its recent finding that Americans of all political stripes oppose subsidies for “coal, oil, and natural gas companies.” They oppose these subsidies by 70 percent to 30 percent — better than two to one.” (Courtesy of Grist/Climate Progress) 

(Source: grist.org)

December 12, 2011
USGS creates model predicting maximum size of fracking-caused earthquakes

Small earthquakes are a recognized risk of hydraulic fracturing, or ‘fracking’, a procedure in which companies unlock energy reserves by pumping millions of litres of water underground to fracture shale rock and release the natural gas trapped inside. Researchers now say that they can calculate the highest magnitude earthquake that such an operation could induce — though it won’t determine the likelihood of a quake occurring. From Nature

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