Quakes also triggered by wastewater disposal, finds oil and gas commission.
By Andrew Nikiforuk, 10 Jan 2015, TheTyee.ca
Some of the quakes were severe enough to ''experience a few seconds of shaking'' on the ground in seven areas of the province on top of the large Montney shale gas basin.
The events, many of which occurred in clusters or swarms, showed that the regulation of the industry still lags behind the pace of drilling activity in the region.
''Induced seismicity related to wastewater disposal and hydraulic fracturing within the Montney (a 29,850 square-kilometre underground siltstone formation) indicates a more uniform application of regulations is appropriate,'' concluded a December report by the BC Oil and Gas Commission.
The 32-page report states that 38 tremors were caused by the injection of wastewater produced by fracking operations and another 193 events were directly attributed to the hydraulic fracturing of hundreds of horizontal wells in the region..... more here
JOEL SOLOMON The Globe and Mail Jan. 07, 2015
When the Rockefeller Brothers Fund recently announced it would remove fossil fuels from its $860-million (U.S.) investment portfolio, it wasn’t just a PR stunt; it was a smart long-term financial move. Big funds like Rockefeller Brothers see what others have been trying to ignore: that fossil fuels are in decline for a host of economic, political and social reasons, as alternatives reach price parity, regulations increase and public subsidies shift.
Mr. Carney has added his voice in support of the “carbon bubble” theory, which warns that fossil-fuel assets will be significantly devalued if a global deal to tackle climate change is reached. .... more here see also:$3.5 Trillion? The Insanely High Costs of Subsidizing the Fossil Fuel Industry
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