People protest against hydraulic
fracturing in New York. (Andrew Burton, Reuters / November 30, 2011)
December 12,
2011
Reporting from Washington—
Natural gas companies
that regularly use hydraulic fracturing to drill disclose the risks to
shareholders, but not to landowners, according to a report released
Monday.
As a result of disclosure requirements in federal securities law, some companies that have led the push into the mid-Atlantic and Northeast to use hydraulic fracturing have described to shareholders in explicit terms the potential dangers of their work, including leaks, spills and explosions. One company, Chesapeake Energy Corp., touted in its annual report in March that its efforts to lease land from private owners was a "land grab."
As a result of disclosure requirements in federal securities law, some companies that have led the push into the mid-Atlantic and Northeast to use hydraulic fracturing have described to shareholders in explicit terms the potential dangers of their work, including leaks, spills and explosions. One company, Chesapeake Energy Corp., touted in its annual report in March that its efforts to lease land from private owners was a "land grab."
LAtimes.com
At the same time, oil and gas companies and the land acquisition companies working for them did not mention to landowners the same potential safety and environmental risks, according to the report by the Environmental Working Group, a Washington-based organization that has been critical of the industry.
At the same time, oil and gas companies and the land acquisition companies working for them did not mention to landowners the same potential safety and environmental risks, according to the report by the Environmental Working Group, a Washington-based organization that has been critical of the industry.
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