Opponents of Fracking Seek to Thwart Shale Gas Finance
Non-governmental organisations are putting pressure on multilateral financial institutions not to finance production of shale gas by hydraulic fracturing or fracking because of the high environmental costs they say are associated with this method.
Timothé Feodoroff, with the Agrarian Justice Programme of the Amsterdam-based Transnational Institute (TNI), said “Some international institutions are keen to finance fracking. It’s a real risk” that they will invest in the method.
Feodoroff is a co-author, together with Jennifer Franco and Ana María Rey, of a report published in January titled “Old Story, New Threat: Fracking and the global land grab”, which reveals that “behind the scenes in the worldwide scramble for unconventional gas exploration and extraction are a wide range of public and private transnational, national and institutional actors.”
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