OIL AND GAS: 42 percent of Williams shareholders back fracking resolution (Thursday, June 3, 2010)
Eryn Gable, special to E&E
In a filing with the Securities and Exchange Commission last week, the Tulsa, Okla.-based company revealed that 42 percent of voting shareholders supported the hydraulic fracturing proposal at its May 20 shareholder meeting. The result is one of the highest on record for a first-year environmental proposal, according to Larisa Ruoff of Green Century Capital Management, one of the proposal’s backers.
“Because of that strong vote, it sends a strong message to the company that shareholders are deeply concerned about the issue,” Ruoff said.
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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