29 May '14, 3pm

Is Natural Gas Sucking Investment from Renewable Energy?

Is Natural Gas Sucking Investment from Renewable Energy?

Fracking — the process of blasting water, sand and chemicals into miles-deep shale rock to extract fuels — has helped push U.S. natural gas production to new highs in each of the past seven years, according to the Energy Information Administration. It’s also more expensive than traditional drilling and contributes to global warming, according to the U.S. Environmental Protection Agency. Renewables, which are getting cheaper, have lost support even as the United Nations warns that time is running out to stem climate change and China forges ahead with sustainable power. “Everyone in Washington thinks gas is a savior, so Washington has been oblivious to the renewables revolution, but China hasn’t been oblivious,” said Hal Harvey, the chief executive officer of San Francisco-based Energy Innovation: Policy and Technology LLC who has been appointed to energy panels by president...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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