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Tue, 2012-10-23 05:00Steve Horn
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As You Sow: Coal Investments, Shale Gas, a Bad Bet

In a missive titled “White Paper: Financial Risks of Investments in Coal,” As You Sow concludes that coal is becoming an increasingly risky investment with each passing day. The fracking boom and the up-and-coming renewable energy sector are quickly superseding King Coal's empire as a source of power generation, As You Sow concludes in the report.

As You Sow chocks up King Coal's ongoing demise to five factors, quoting straight from the report:

1. Increasing capital costs for environmental controls at existing coal plants and uncertainty about future regulatory compliance costs

2. Declining prices for natural gas, a driver of electric power prices in competitive markets

3. Upward price pressures and price volatility of coal

4. High construction costs for new coal plants and unknown costs to implement carbon capture and storage

5. Increasing competitiveness of renewable generation resources

Sun, 2012-10-21 06:00Steve Horn
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Fracking in PA Poisoning Communities as Floodgates Open for Drilling on Campuses, Public Parks

Pennsylvania recently passed Act 147 - also known as the Indigenous Mineral Resources Development Act - opening up the floodgates for hydraulic fracturing (“fracking”) on the campuses of its public universities. As noted in a recent post by DeSmog, the shale gas industry hasn't limited Version 2.0 of “frackademics” to PA's campuses, but is also fracking close to hundreds of K-12 schools across the country, as well.  

We noted the devastating health consequences of fracking close to a middle school/high school in Le Roy, New York, where at least 18 cases of Tourette Syndrome-like outbreaks have been reported by its students. This has moved Erin Brockovich's law firm to investigate the case, telling USA Today, “We don't have all the answers, but we are suspicious. The community asked us to help and this is what we do.”

Earthworks Oil and Gas Accountability's just-published report, “Gas Patch Roulette: How Shale Gas Development Risks Public Health in Pennsylvania, makes the case that the decision to allow fracking on PA's campuses has opened up a Pandora's Box stuffed with a looming health quagmire of epic proportions.

Thu, 2012-10-18 13:20Steve Horn
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Fracking Your Future: Shale Gas Industry Targets College Campuses, K-12 Schools

In Pennsylvania - a state that sits in the heart of the Marcellus Shale basin - the concept of “frackademia” and “frackademics” has taken on an entirely new meaning.

On Sept. 27, the PA House of Representatives - in a 136-62 vote - passed a bill that allows hydraulic fracturing, or “fracking” to take place on the campuses of public universities. Its Senate copycat version passed in June in a 46-3 vote and Republican Gov. Tom Corbett signed it into law as Act 147 on Oct. 8.

The bill is colloquially referred to as the Indigenous Mineral Resources Development Act. It was sponsored by Republican Sen. Don White, one of the state's top recipients of oil and gas industry funding between 2000-April 2012, pulling in $94,150 during that time frame, according to a recent report published by Common Cause PA and Conservation Voters of Pennsylvania. Corbett has taken over $1.8 million from the oil and gas industry since his time serving as the state's Attorney General in 2004. 

The Corbett Administration has made higher education budget cuts totaling over $460 million in the past two consecutive PA state budgets. The oil and gas industry has offered fracking as a new fundraising stream at universities starved for cash and looking to fill that massive cash void, as explained by The Philadelphia Inquirer:

Tue, 2012-10-16 22:46Steve Horn
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New Gas Industry Astroturf: Landowner Advocates of NY Buses Activists to Albany Pro-Fracking Rally

A pro-fracking rally held on Oct. 15 in Albany, NY was described by about a dozen local media outlets as a gathering of roughly 1,000 grassroots activists from all walks of life.

All came out to add their voice to the conversation regarding the extraction of unconventional gas from the Marcellus Shale basin in New York state. But the marchers weren't concerned landowners worried about losing their water supplies or property values. Their demand: to lift the current moratorium on fracking, which was prolonged by Democratic Gov. Andrew Cuomo on Sept. 30.

One rally attendee, Doug Lee, described the ongoing fracking moratorium as a “communist act” to the Albany Times-Union. Another described anti-fracking activists as “well-funded and organized activists masquerading as environmentalists, who often do not need to make a living in our communities.” Republican Sen. Tom Libous, observed that Hollywood stars Mark Ruffalo and Debra Winger weren't on the scene, telling them to “Stay in Hollywood. We don't want you here.”

Unmentioned by any of the news outlets that covered the event was a crucial fact: these weren't actual “grassroots” activists, but rather astroturf out-of-towners bused in from counties all across the state. Their journey was paid for by the legitimately “well-funded” oil and gas industry, which raked in profits of $1 trillion in the past decade

According to the Associated Press, the pro-fracking rally and march were organized by a brand new front group called the Landowner Advocates of New York formed in the immediate aftermath of the recent Cuomo decision to stall on opening the fracking floodgates.

Mon, 2012-10-15 10:52Steve Horn
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Keystone XL Contractor and SUNY Buffalo Shale Institute Conduct LA County's Fracking Study

A huge report was published on Oct. 10 by Los Angeles County that'll likely open the floodgates for hydraulic fracturing (“fracking”) for unconventional oil and gas in the Monterey Shale basin. The report, as it turns out, was done by LA County in name only. 

As the Los Angeles Times explained, the study found “no harm from the method” of fracking as it pertains to extracting shale gas and oil from the Inglewood Oil Field, which the Times explains is “the largest urban oil field in the country.”

In the opening paragraphs of his article, Ruben Vives of the Times wrote,

A long-awaited study released Wednesday says the controversial oil extraction method known as hydraulic fracturing, or fracking, would not harm the environment if used at the Inglewood Oil Field in the Baldwin Hills area.

The yearlong study included several issues raised by residents living around the field, such as the potential risks for groundwater contamination, air pollution and increased seismic activity. 

It's not until the middle of the story that Vives says the study wasn't done by LA County itself, but rather what he describes as a “consulting firm that conducted the study” by the name of Cardno Entrix.

Cardno Entrix isn't any ordinary “consulting firm.”

Sun, 2012-10-14 09:06Steve Horn
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Whitewash: SUNY Buffalo Defends Controversial Shale Gas Institute

On Friday, SUNY Buffalo's President's Office released a lengthy and long-awaited 162-page report upon request of the SUNY System Board of Trustees that delved into the substantive facts surrounding the creation of its increasingly controversial Shale Resources and Society Institute (SRSI).

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