It's a dust-bowl-sized problem likely to become worse, according to a study released Wednesday by the non-profit Boston financial advisory 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 need to demand information about how energy companies are managing this problem or risk their investment portfolios being clobbered.
Put simply, Ceres is saying there probably isn't enough fracking water where fracking most wants to happen. And eventually, there will be a price to pay.
Fracking's Thirst for Water: Investors Warned of the Hidden Financial Risks
No comments:
Post a Comment