In Wake of Instances of Problem Drilling, Regulatory Rumblings and Shareholder Unrest, Investors Seek Greater Certainty through 12 “Best Practices” Guidelines; Growing Coalition Includes Sustainable and Religious Investors in U.S., Europe and Australia.
Steven Heim, managing director and director of ESG Research and Shareholder Engagement, Boston Common, said: “Assuming that hydraulic fracturing is going to continue to be used in some form, investors need to have greater certainty in the marketplace as to industry practices and government regulation. Currently there is no such certainty and that is really why investors are speaking up. The marketplace has spoken: The best course here for investors, the environment and human health will be if all shale gas extractors wake up, get the message, and use these tools to do it right.”
Thank you, investors!