Posted by: Sandy Steinman | July 15, 2020

Fracking Firms Fail, Rewarding Executives and Raising Climate Fears

The  New York Times reports

Oil and gas companies in the United States are hurtling toward bankruptcy at a pace not seen in years, driven under by a global price war and a pandemic that has slashed demand. And in the wake of this economic carnage is a potential environmental disaster — unprofitable wells that will be abandoned or left untended, even as they continue leaking planet-warming pollutants, and a costly bill for taxpayers to clean it all up.

Still, as these businesses collapse, millions of dollars have flowed to executive compensation.

Read full story at Fracking Firms Fail, Rewarding Executives and Raising Climate Fears

 


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