1 October 2016

'Oil companies should pay for damage done by fracking'

The Blog

Considering the "firm link" between hydraulic fracturing (fracking) and earthquakes established by scientists, the oil companies responsible ought to pay for the damage.

Garrison Center director Thomas Knapp made this argument in a recent Medium post also found at the Garrison Center website.

Knapp asks "What’s the difference between a drunk driver who totals your car with his reckless, intoxicated driving, and an oil company that damages your house’s foundation with its reckless, earthquake-inducing fracking?" He writes that journalists have unfortunately "prostituted themselves out to the fracking industry, attempting to justify that kind of privilege and favoritism in the name of cheap energy and economic growth".

Hydraulic fracturing, a method of shale oil extraction, is subsidized by some governments as a type of alternative to conventional petroleum and natural gas. As well as causing earthquakes, scientists believe fracking is responsible for poisoning ground water and increasing cancer.

Fracking stands in contrast with cleaner renewable energy such as solar and future "bright green" energy industries that may arise with emerging technologies.

Link: Crony Capitalism and Political Privilege: Earthshaking. Literally.

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