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Wednesday, May 9, 2012

Vermont Set to Ban Fracking

Vermont Governor Peter Shumlin is set to sign a bill banning fracking in the state.

From Reuters:
Vermont will be the first state to outlaw a controversial oil and gas drilling method known as fracking when Governor Peter Shumlin signs a bill banning the practice, a largely symbolic move given the state's apparent lack of energy reserves.
Hydraulic fracturing has helped companies tap potentially decades of gas supply and huge amounts of oil from previously inaccessible shale formations dotted across the United States in recent years.
Environmentalists say the practice, which involves injecting millions of gallons of chemical-laced water into underground wells, may contaminate groundwater and trigger earthquakes.
"Governor Shumlin does support the fracking ban," said Sue Allen, a spokeswoman for Vermont's Democratic governor. "He will sign the legislation when it reaches his desk."
Vermont's House and Senate approved the measure last week and the bill is undergoing a final review by legislative staffers before being sent to the governor, Allen said.
It is a largely token gesture, given that Vermont does not have any natural gas reserves to speak of, sitting just outside the boundaries of the vast Marcellus shale formation.
Read the rest of the article here.

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