BOYCOTT!!!!
Natural Gas Fracking Risk Assessment (click title to entry - thank you)
May 30, 2010
...To make up for the complete absence of SEC filings from ExxonMobil covering environmental or regulatory risk, shareholders took the unusual step of filing their own assessment of these risks with the SEC.
New social proposals usually only receive between 5-7% of the vote. But, demonstrating that mainstream investors are already aware of and concerned about the risks that hydraulic fracturing poses to the nation’s water supplies, it received over 26% support.
Two concepts are essential to investor confidence: disclosure and the mitigation of risks. But two thirds of the 31 states have no regulations covering hydraulic fracturing, none require an accounting of the fracking fluid remaining, and only ten even want to know what chemicals were injected.
The disaster in the Gulf of Mexico teaches us that there is a risk with no oversight. Drowning government in a bathtub risks taking all of us down the drain along with it....
