Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Anti-fracking demonstration held in Halifax, May 2014.
Critics are bashing two Canadian studies released Tuesday that concluded fracking doesn’t pose serious risks to the Eastern province of Nova Scotia’s groundwater supply.
The two documents released Tuesday by a panel led by Cape Breton University president David Wheeler, suggest the debated extraction process just needs to be closely monitored and properly regulated, Canadian Press reported.
The experts also said the province’s reasonably stable geology would make contamination of drinking water wells less likely than in other areas. But opponents such as Jennifer Wes, a spokeswoman for the Halifax-based Ecology Action Centre, are claiming the studies are flawed, as they don’t include any references or peer-review papers in any of them.
She added that Nova Scotia doesn’t have a good scientific grasp of its groundwater resources, which means it is not in a position to offer them much protection.
Fracking activities in the Atlantic province have been on hold for almost two years. Last August, Energy Minister Charlie Parker commissioned the studies released Tuesday, aiming to obtain an independent review of the effects of the extractive practice, which will include public consultations.
About 40% of the province’s population gets its drinking water from sources other than municipal water systems, and the vast majority of these people rely on deep, groundwater wells.
Comments
2ndOrion
The critics are Hypers. -That stir the people up with out knowledge like the thing is real when it is not. The people in their excitement make crowds for the Hypers. The Hypers don’t know the truth and don’t care. The people think the Hypers know what they are Hyping about. They do not. The people are the Crowd. This is on Fracking. Other Hype stir-ups are on Coal -where the U.S. EPA has many Hypers employed -and has a President as a leading Hype man. The U.S. EPA has much on Pollution that could be used to make coal pollution free -but the Hypers like their Hype and cover the truth they have up to shut down everything because that is more Exciting. Things running well without pollution are not Exciting. The U.S. EPA -like the Canadian Hypers love Excitement because it is more fun and gives them a job paid for by the people that don’t care because they are sufficient enough. Those people are not bothered by the Hype. In fact -it is fun for them to watch the Hype.