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Agriculture
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On Wednesday, two environmental advocacy groups filed a lawsuit against the United States Environmental Protection Agency (EPA) Administrator Michael S. Regan, for his alleged failure to timely review two statesâ ozone compliance plans and determine whether they meet Clean Air Act (CAA) requirements. The filing argued that as a result of the agencyâs lapse, the defendant has failed to protect people, ecosystems, and wildlife from ozone pollution.
The Northern District of California complaint, filed by the Center for Biological Diversity and the Center for Environmental Health, explained that the oil and natural gas development industry is a large contributor to ozone pollution, also known as smog. The filing contended that ozone is harmful to human health and is often to blame for respiratory problems, hospital visits, and fatalities. The plaintiffs noted that the pollutant is especially harmful to children, the elderly, and people
DeSmog
The fracked gas industry’s long borrowing binge may finally be hitting a hard reality: paying back investors.
Enabled by rising debt, shale companies have been achieving record fracked oil and gas production, while promising investors a big future payoff. But over a decade into the “fracking miracle,” investors are showing signs they’re worried that payoff will never come and as a result, loans are drying up.
Growth is apparently no longer the answer for the U.S. natural gas industry, as Matthew Portillo, director of exploration and production research at the investment bank Tudor, Pickering, Holt & Co., recently told The Wall Street Journal.
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