NewEnergyNews: TODAY’S STUDY: THE RISKS OF FRACKING DISCLOSED

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

  • FRIDAY WORLD HEADLINE-Climate Change Report – ‘Upheaval’ In ‘Uncharted Territory’
  • FRIDAY WORLD HEADLINE-Oil Giants Buying In On EU Ocean Wind
  • FRIDAY WORLD HEADLINE-Japanese Floating Solar Backed by Apple
  • FRIDAY WORLD HEADLINE-Germany Upped EV Access 27% in 2016
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, March 23:

  • TTTA Thursday-No Majority Anywhere Doubts Climate Change
  • TTTA Thursday-Making The Baby Decision As The Climate Changes
  • TTTA Thursday-Wind Delivers 54% Of Power To Midwest 11-State System
  • TTTA Thursday-A System To Better Use New Energy
  • THE DAY BEFORE THE DAY BEFORE

  • ORIGINAL REPORTING: New Markets Opening Up To Distributed Resources
  • ORIGINAL REPORTING: Utilities Driving Record Solar Growth
  • ORIGINAL REPORTING: Hawaii’s Fight For 100% New Energy Goes On
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: Battery Energy Storage Right Now
  • QUICK NEWS, March 21: Eight Things To Do About Climate Change; The Fight For New Energy Wires; The Best New Energy Battery
  • AND THE DAY BEFORE THAT

  • TODAY’S STUDY: Ways To Get To Zero Emissions
  • QUICK NEWS, March 20: $19 Trillion Benefit In Global Climate Fight; U.S. New Energy Now A $200Bil Biz; $10Bil EV Buy Planned By Band Of Cities
  • THE LAST DAY UP HERE

  • Weekend Video: The Colors Of Energy
  • Weekend Video: The Jobs Boom In New Energy
  • Weekend Video: Veterans Join Wind's Fight For New Energy
  • --------------------------

    --------------------------

    Anne B. Butterfield of Daily Camera and Huffington Post, f is an occasional contributor to NewEnergyNews

    -------------------

    Some of Anne's contributions:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

    -------------------

    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • WEEKEND VIDEOS, March 25-26:

  • Bill Maher Talks Trump Havoc, Climate Havoc
  • What NYC Faces From Climate Change
  • Kids Design A New Energy City

    Wednesday, November 27, 2013

    TODAY’S STUDY: THE RISKS OF FRACKING DISCLOSED

    Disclosing The Facts: Transparency And Risk In Hydraulic Fracturing Operations

    Richard Liroff, Investor Environmental Health Network, Danielle Fugere, As You Sow, Lucia von Reusner, Green Century Capital Management, Inc., Steven Heim, Boston, Common Asset Management, LLC, Leslie Samuelrich, Green Century Capital Management, Inc., November 2013

    Executive Summary

    Since 2009, institutional investors have been pressing oil and gas companies to be more transparent in reporting how they manage and mitigate the environmental risks and community impacts of their hydraulic fracturing operations. Measurement and disclosure of best management practices and impacts are the primary means by which investors gauge how companies are addressing the business risks of their operations.

    This inaugural scorecard is a collaborative effort of As You Sow, Boston Common Asset Management, Green Century Capital Management, and the Investor Environmental Health Network. The scorecard analyzes and benchmarks the public disclosures of 24 oil and gas companies on the use and effectiveness of best management practices for reducing and managing environmental risks and community impacts from hydraulic fracturing operations. It does so by examining overall industry performance on use of quantitative metrics for disclosure, identifying those indicators most commonly reported, and distinguishing companies disclosing more about their practices and impacts from those disclosing less. The scorecard specifically measures company disclosures across five areas of environmental, social, and governance metrics: (1) toxic chemicals; (2) water and waste management; (3) air emissions; (4) community impacts; and (5) management accountability, on a play-by-play basis.

    The assessment in this scorecard is based solely on information companies make publicly available on their websites and in their financial statements. The results of the scorecard demonstrate a widespread industry trend of underperformance in disclosure of key performance metrics. Companies, nearly across the board, are failing to provide investors and the public with sufficient quantitative information to adequately understand and compare the risks and opportunities these companies present within their hydraulic fracturing operations.

    Key Findings

    1. Poor Overall Industry Performance on Disclosures of Key Metrics: Quantitative, play-by-play disclosure is inadequate across the industry. Company disclosures remain mostly qualitative and narrative in form, making it difficult for investors to rigorously assess and compare company performance. Too often, companies provide aggregate reporting (e.g., on a companywide or countrywide basis) and rely on anecdotes or narrative statements as a substitute for systematic, quantitative reporting on critical regional and local practices and impacts. Further, we believe that narrative reporting does not give investors and other stakeholders the information necessary to determine if individual companies are sufficiently managing the risks inherent to their operations across their multiple plays.

    2. Reporting Varies Widely Company to Company: The highest scoring company in this review, Encana, provided disclosures on only 14 of the 32 indicators. QEP provided disclosures on only 1 of 32 indicators, receiving the lowest score in the report.

    3. Most Commonly Reported Indicators: The most commonly reported survey indicators were: executive compensation tied to health, environment, and safety performance (71% of companies surveyed); the use of pipelines to transport water in lieu of diesel trucks to lower air emissions (62%); and company policy on the use of non-potable versus fresh water (46%).

    4. Least Reported Indicators: Companies scored worst on their disclosure of how community concerns are tracked and responded to, especially on a play-by-play basis. Only 6 companies received any points in the community impacts section of the scorecard. While certain companies may be addressing local community impacts, no company is systematically reporting company successes and failures in accommodating community concerns on a play-by-play basis.

    0 Comments:

    Post a Comment

    << Home