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Page added on May 12, 2013
Banks Now Asking for Data on Fracking Risks
Rich Liroff reports in his blog on GreenBiz.com that European banks want more hard data on risks from frackers. According to Rich, some of the world’s largest banks, as part of the Climate Principles for the Finance Sector, wish to see quantitative data on key performance indicators in 16 areas of corporate performance. The data are being requested to shine a light on how oil and gas companies are managing environmental risks and community impacts in their fracking operations. The areas of concern are wide ranging, and include air pollution (including methane emissions), well integrity, worker health and safety, truck traffic, chemicals, waste management, and more.
American banks and investors should follow the European lead.
8 Comments on "Banks Now Asking for Data on Fracking Risks"
econ101 on Sun, 12th May 2013 9:39 pm
The banks are under federal control. This has nothing to do with actual physical “real world” risk. It is political in nature. The federal government is advancing its war against oil through peak oil politics.
This will end up with higher energy prices and more suffering from them than we see today. Its a sin against humanity to promote these policies that knowingly cause suffering and death to so many.
Ham on Sun, 12th May 2013 10:05 pm
Are you totally brain dead econ or just pretend to be? Your argument is completely bonkers. We are to believe, that if we do not pollute everywhere by creating toxic wastelands, we are to be held accountable to people losing their lives? Such reasoning is about as much use as an ashtray on a motorbike….
GregT on Sun, 12th May 2013 11:40 pm
Econ/ SOS,
Did you even read what is written above?
“American banks and investors should follow the European lead.”
This is not likely to happen in the US because the banks and corporate investors are dictating federal government policy. Not the other way around.
Kenz300 on Sun, 12th May 2013 11:56 pm
Quote — ” The areas of concern are wide ranging, and include air pollution (including methane emissions), well integrity, worker health and safety, truck traffic, chemicals, waste management, and more.
American banks and investors should follow the European lead.”
————————–
YES they should….. but will they ?
econ101 on Mon, 13th May 2013 2:24 am
Its all political. They should not. The alleged pollution is a fabrication.
GregT on Mon, 13th May 2013 4:07 am
And I suppose breaking previous all time temperature records by 12 degrees celsius, like what happened in BC this week, is a fabrication as well.
BillT on Mon, 13th May 2013 10:13 am
GregT, I think econ is either a joker or is mentally deficient. Maybe too many fraking chemicals in his water? ^_^
Kenz300 on Tue, 14th May 2013 1:18 pm
RepubliCONS do not want any regulations…….
They say regulations are bad for business……
We have many SUPER FUND sites that still need to be cleaned up from the era of no regulation.
Business will only provide safety for workers and protect the environment if they are forced to by regulation.