Return to main blog

Sunday, April 8, 2012

Investors: No More Flaring of Fracked Oil and Gas in Bakken Shale

The debate over flaring unconventional oil and gas in shale basins across the U.S. has suddenly heated up immensely (excuse the bad pun).
On March 27, the Coalition for Environmentally Responsible Economy (CERES) penned a letter calling for an end to the practice, writing:
We are a group of 37 investors, representing $500 billion in total assets, who are concerned about the financial risks associated with the flaring of natural gas that has accompanied fast-proliferating oil production from shale formations in North Dakota, Texas and elsewhere in the more...