Canary LLC brings you this week’s breaking news.
May 8: British House of Lords Says It’s Time to Get Cracking with Fracking
While British Prime Minister David Cameron is “all out for shale,” according to a report from a House of Lords committee, “progress on the ground has been at a snail’s pace” due to a mountain of red tape. Ministers warn unless urgent measures are taken, a British shale boom may be delayed by as much as a decade. (Read more)
May 7: Youngstown Says “Yes” to Shale, Again and Again and Again
For the third time this year, voters in Youngstown, Ohio rejected an amendment to the city charter that would ban fracking. Though a December 2011, 3.9-magnitude earthquake at an injection well site is thought to be fracking related, it was not powerful enough to sway fracking supporters who won the day. (Read more)
May 6: NY Senator Schumer is Very Democratic on Fracking
In a recent conversation on MSNBC’s Morning Joe, Sen. Charles Schumer (D-N.Y.) said that, in general, he and other Democrats are in favor of fracking, as long as it’s done with strict attention to environmental concerns. As to the potential for future fracking in New York State, Schumer said he would defer to Governor Cuomo. (Read more)
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May 5: Fracking Boom Tied to Uptick in Traffic Accidents
The Associated Press reports that in some areas deeply involved in shale production, traffic-related fatalities have more than quadrupled since 2004 — “a period when most American roads have become much safer, even as the population has grown.” According to the AP story, “The industry acknowledges the problem, and traffic agencies and oil companies say they are taking steps to improve safety.” (Read more)
May 4: Big Oil Too Slow to Score in the Shale Game?
A report in USA Today reveals that the bulk of shale-boom profits have thus far eluded some of Big Oil’s most prominent players. While O&G behemoths ExxonMobil and Chevron were stuck on the (bottom) line, fleet-footed smaller firms intercepted the ball and hit the ground running to score big-money touchdowns. (Read more)