Echoing sentiments expressed to the Colorado Independent by U.S. House Leader Nancy Pelosi , D-Calif., more than 49 percent of the shareholders of an oil and gas company in the Permian Basin of West Texas recently asked for more transparency in hydraulic fracturing operations. Nancy Pelosi Pelosi last week told the Independent that oil and gas operators should want to publicly disclose all the chemicals used in hydraulic fracturing, or “fracking,” as protection against future litigation.
Echoing sentiments expressed to the Colorado Independent by U.S. House Leader Nancy Pelosi, D-Calif., more than 49 percent of the shareholders of an oil and gas company in the Permian Basin of West Texas recently asked for more transparency in hydraulic fracturing operations.
Pelosi last week told the Independent that oil and gas operators should want to publicly disclose all the chemicals used in hydraulic fracturing, or “fracking,” as protection against future litigation. Critics of the process claim it can lead to the contamination of groundwater supplies with chemicals that are kept secret from the public for proprietary reasons.
Nearly half of the shareholders of Energen Corporation recently supported “increased transparency and accountability around its hydraulic fracturing operations,” according to SEC filings. Still, a slight majority voted to maintain the status quo.
“This vote is the highest on record for this issue and is among one of the highest votes for any environmental proposal,” Luan Steinhilber of Miller/Howard Investments said in a release. Miller/Howard filed the proposal at Energen. “In addition to the 49.5 percent voting yes among all those voting yes or no, a sizeable percentage of the voting shareholders declined to support management’s recommendation to oppose the resolution, and instead voted to ‘abstain.’
“This is a wake-up call for the company to increase disclosure on how it is managing and reducing potential risks associated with its fracturing operations,” she added.
Colorado Congresswoman Diana DeGette has once again proposed the Fracturing Responsibility and Awareness of Chemicals (FRAC) Act to better regulate hydraulic fracturing, in which water, sand and chemicals are injected under high pressure into natural gas wells to free up more gas. DeGette has spearheaded recent congressional studies showing diesel fuel and 29 different human carcinogens have been used in fracking operations.
Oil and gas industry representatives countered that fracking occurs too deep to contaminate shallow drinking water supplies and that federal oversight is unwarranted because there is no evidence of fracking tainting groundwater.
Shareholders at Carrizo Oil & Gas, ExxonMobil, Chevron and Ultra Petroleum will have an opportunity to vote on the issue in coming weeks.
MA-Sen: 150 Conservative Bloggers Fan Out, Looking for Scandals
BOSTON -- The mysterious Election Journal blog, which first released the infamous 2008 video of two bumbling New Black Panther Party members waving nightsticks
MA-Sen: 66 to 19
BOSTON -- That, via Alex Isenstadt and Josh Kraushaar, is the number that defined the Massachusetts Senate race more than anything else. From the primary
MA-Sen: A Text Message From Scott Brown
BOSTON -- Having signed up for Scott Brown’s text message service for election day, I just got this text: Are you about to have lunch? It’s a great time to
MA-Sen: Loyal Democrats Grouse About Coakley
BOSTON -- A little while after noon, a steady crowd of Democratic voters streamed into the Cathedral High School Gymnasium to cast votes for their party’s
MA-Sen: Brown Wins
BOSTON -- At 9:20, the first rumors of Scott Brown’s victory in the Massachusetts Senate race started to work around the room. A moment later, Doug Flutie
MA-Sen Photos: ‘Paint the Town Red! Croakley’s Dead!’
Below are some photos of yesterday’s People’s Rally in Worcester, the rally that Brown held to counter-program the Obama rally in Boston. The crush of
MA-Sen: Out-of-Staters for Brown
BOSTON -- A surprising discovery at yesterday’s People’s Rally in Worcester was just how many people had traveled into the state to assist, in whatever way,
Menendez, Lautenberg to Continue BP-Lockerbie Investigation
Sens. Robert Menendez and Frank Lautenberg, both New Jersey Democrats, will continue to seek details about BP’s alleged involvement in the release last year of
Net Investors Bullish on Palin’s Prospects for Staying on Ticket
Just for fun, the Internet prediction Website Intrade has opened a contract on whether Alaska Gov. Sarah Palin will be withdrawn as McCain’s running mate.
No Experience Necessary
Gov. Sarah Palin’s a middle-class hockey mom, but does that really qualify her to be vice president?