22 Aug '11, 10am

Fracking, Risk and Investment: NY Attorney General Adds Fuel to

If you’re wondering how this issue came onto a state Attorney General’s radar, New York State is vulnerable to a significant risk double whammy regarding fracking. On the investment side, according to Times reporter Ian Urbina, the state has $45 million in pension funds invested in the three companies: Range Resources, Cabot Oil and Gas, and Goodrich Petroleum, along with a fourth company included in the investigation, Chesapeake Energy. On the risk side, New York is one of several states sitting atop the recently discovered gas-rich Marcellus shale formation. Unlike fracking operations in sparsely populated areas, fracking in many parts of the Marcellus could threaten water supplies for millions by polluting New York City’s upstate reservoirs.

Full article: http://www.triplepundit.com/2011/08/fracking-risk-and-inv...

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