Do you think societal impacts encompasses intimidation tactics? I think it might. Intimidation can be very expensive and investors would likely rather see companies spend money on control technologies to lessen environmental impacts.
The shareholders have filed resolutions with Cabot Oil & Gas, Chevron, ExxonMobil, EOG Resources, ONEOK, Pioneer Natural Resources, Spectra Energy (NYSE: SE ) , Range Resources, and Ultra Petroleum (NYSE: UPL ) , challenging these companies to quantifiably measure and reduce environmental and societal impacts.
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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Wait until the Investors find out about the “proprietary” info that is being withheld. To say nothing about the backlash against PA muzzling Doctors on fracking issues.
Robert Finne says
Whats missing is the actual disclosure of all chemicals and an agreement to quit using toxic substances in, around and through USDW.
“This agreement means that Cabot will publicly release what it is doing to use less toxic substances in its hydraulic fracturing fluids and detail how it is ensuring these efforts are being carried out. Shareholder value is better protected when companies disclose the risks associated with the hydraulic fracturing process.”