JIM EMBERGER COMMENTARY
The Miramichi Leader, 19 February 2016
The Commission on Hydrofracking will soon submit its report and the government will make its decision on the future of shale gas. After five years of examining the pros and cons, what evidence has accumulated to support each side?
If a solid economic case for shale gas ever did exist, it has now evaporated. It is now common knowledge that to offset the rapid depletion of shale gas wells, producers continuously drilled more of them.
On August 19, 2015 a delegation of three NBASGA members traveled to Fredericton to present our case against UNGOD (UNconventional Gas and Oil Development) to the New Brunswick Commission on Hydraulic Fracturing.
Like those of us here in New Brunswick, Newfoundlanders have serious concerns about the industry, and public opposition to fracking has been strong and wide-spread, in particular around the endangered west coast jewel of Gros Morne National Park.
by Jim Emberger
While Premier Gallant develops the government’s moratorium on hydraulic fracturing, shale gas supporters continue to voice their same one-theme message that we are losing out on an economic miracle. Recent events provide a good lens through which to examine that claim. As our Premiere announced our moratorium, the leaders of both Quebec and New York announced similar decisions.
New Brunswickers who are looking for the facts about shale gas are not getting them from the current political debate. They are often being deliberately misled or else are confused by politicians who don’t understand the issues, themselves. And they are definitely missing out on critical information.
“Disclosing the Facts: Transparency and Risk in Hydraulic Fracturing Operations” is the title of a report by a consortium of four investment firms. Investors require comprehensive, quality data to show that companies are managing business risks and enhancing community acceptance – things that affect the bottom line.