Decisions on hydraulic fracturing should be based on realistic appraisals of risk, so Canadians are not unnecessarily denied the benefits of their natural resources, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
The study, Managing the Risks of Hydraulic Fracturing, examines the economic potential of energy resource development via hydraulic fracturing (sometimes referred to as “fracking”) in Canada, and the often-repeated claims made by fracking opponents.
“While there are risks associated with any type of oil and gas extraction, or any large-scale human endeavor, there’s no evidence of unmanageable risk associated with hydraulic fracturing that justifies a ban or moratorium,” said Kenneth Green, senior director with the Centre for Natural Resources at the Fraser Institute.
And yet, there have been anti-fracking protests across Canada, and temporary fracking bans and moratoriums in Quebec, Nova Scotia, New Brunswick, and Newfoundland and Labrador.You can read more about the study here.
And here is the study itself:
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