This is shallow thinking. Check out the Y Business Journal on the "Shell Game". The corporate entity is going to protect itself from future harm. The damage to the water table from injecting high pressure poison into the shale could happen well into the future. It is not if it is going to leach out, it is when and where. Unlike human beings corporate structures can easily transform or dissolve and transfer the assets to a new entity. When keeping a company alive cost too much... (such as a enviromental liability), ... dissolve it. Like most enviromental problems, fracking will eventually become the problem of the citizens and landowners long after the CEO and shareholder took their profits to a Grand Cayman tax shelter.
December 29, 2011 at 10:31 a.m.
permalink suggest removal