Investors Controlling $1 Trillion Demand Fracking Best Practices

For related articles and more information, please visit OCA's Politics and Democracy page and our Environment and Climate Resource Center page . BOSTON, Massachusetts - Institutional investors in the United States, Europe and Australia with nearly $1 trillion in assets under management have united to support a set of best practices for the hydraulic fracturing of shale rock to harvest natural gas. Hydraulic fracturing, or fracking, involves the injection of a mixture of chemicals, sand and water under high pressure into shale thousands of feet underground, fracturing it to release hydrocarbons. Energy companies engaged in shale gas fracking face growing regulatory uncertainty and increasing opposition from shareholders concerned about health and environmental problems resulting from air, soil and groundwater contaminated by fracking. Boston Common Asset Management, the Inv...

Full article: http://www.organicconsumers.org/articles/article_25483.cfm

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