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Fracking's Thirst for Water: Investors Warned of the Hidden Financial Risks
2014-02-06 11:29:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Some of the nation's driest, drought-plagued places have quickly become its busiest hot spots of drilling for shale gas and oil, especially in Texas, Colorado and California. It's a dust-bowl-sized problem likely to become worse, according to a study released Wednesday by the nonprofit sustainability advocacy group firm Ceres. Fracking, the controversial drilling technique, is consuming billions of gallons of water each year in states where water is increasingly scarce. The report warns that investors...
Tags: water
financial
hidden
risks
Category:Electronics and Electrical