EARTHWORKS applauds the Secretary of the Interior Ken Salazar and Bureau of Land Management Director Bob Abbey for their initiative to bring balance to the Nation s oil and gas program . For the past decade, there was an unprecedented run on the federal lands by big energy companies, securing oil and gas leases at bargain basement prices and speculating on the federal estate at the expense of the taxpayer and other resources.
Exxon, America's biggest oil company, is planning on merging with XTO, a $25 billion oil and gas drilling company heavily invested in hydraulic fracturing of shale gas deposits.
Whether or not you think that's a good thing, it's causing a bit of furor in part because Exxon has included some language pertaining to fracking's regulatory landscape.
Propublica's Abrahm Lustgarten reports that Pennsylvania residents are suing Cabot Oil and Gas -- the company responsible for multiple spills associated with their Marcellus Shale drilling near Dimock, PA. They seek to stop future drilling and to establish a trust fund to cover medical expenses for those harmed by Cabot's operations.
This week Sears/Kmart, Blue Nile and Ultra Stores signed the No Dirty Gold campaign's "Golden Rules" for more responsible mining.
This brings the total number of jewelry retail signatories up to 60. Altogether, these jewelry retailers represent over $1.3 billion in annual US jewelry sales, or nearly a quarter of the total.
While the natural gas industry maintains that stronger regulations aren't needed, its track record continues to prove otherwise.