Excellent post on the risks fracking poses to developing nations; in NY we’re used to thinking of this as a local issue because of its prominence here, but it is a much wider problem.
Fracking is both a temptation and a curse for developing nations, says a new report released today by Friends of the Earth Europe as governments meet in Lima to make meaningful commitments to speed up the transition away from dirty energy sources. Fracking Frenzy: How is the fracking industry threatening the planet? details the impacts of developing shale reserves in new regions of the world unprotected by political power to ward off bad policies that favor fossil fuel extraction companies over communities.
The report looks at a selection of countries identified in the U.S. Energy Information Administration’s 2013 World Shale Gas and Shale Oil Resource Assessment that analyzed potential shale resources in 42 countries and 95 shale basins around the world. It identifies 11 countries it says are prime targets for the fracking industry to focus on in depth: Mexico, Brazil, Argentina, Morocco, Algeria, Tunisia, South Africa, China, India, Indonesia and Russia. It analyzes…
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