Monthly Archives: January 2019

Fracking In 2018: Another Year Of Pretending To Make Money

by Jim Emberger (from Huddle Today)

January is a popular time for reviewing the previous year to see where we are now. Since I write about the shale gas industry and global warming, let me share some annual reports from both, along with some commentary.

Fracking in 2018: Another Year of Pretending to Make Money: This has my vote for best title. The author notes that the 60 largest U.S. fracking companies have been accumulating losses at about $80 million per year for a decade. Investors and lenders lost $70 billion in loans due to 330 North American bankruptcies following the price crash of 2014, and last year The Wall Street Journal calculated industry debt around $180 billion.

Read More…

New Brunswick Support for We’suwet’en

OPEN LETTER TO NEW BRUNSWICK MPs
by Jim Emberger

I am writing on behalf of the New Brunswick Anti-Shale Gas Alliance, a collection of Anglophone and Francophone groups with members in every constituency of the province.

I am writing to address two separate but closely related issues. The first is to voice our displeasure in the federal government’s actions in the matter of the recent RCMP assault on the checkpoints established by the traditional We’suwet’en Clan Leaders in British Columbia.

Read More…