Ceres, a non-profit organization dedicated to mobilizing investor and business leadership to build a thriving, sustainable global economy, has just released an important study on the growing competition for water in regards to HVHF:
New Study: Hydraulic Fracturing Faces Growing Competition for Water Supplies in Water-Stressed Regions
Nearly half of 25,450 oil and gas wells evaluated in U.S. are in water basins with high and extremely high water stress
“Given projected sharp increases in shale oil and gas production in the coming years, competition over water should be a growing concern to energy companies, policymakers and investors,” the report concludes, noting a projected doubling of oil and gas fracturing production in the coming years. “Shale energy development cannot grow without water, but in order to do so the industry’s water needs and impacts need to be better understood, measured and managed.”Under no circumstance can we allow new, damaging industrial technologies to usurp the living needs of any region! The article suggests that significant work needs to be done to alleviate any such conflicts.
The report includes key recommendations for companies and regulators, among those:There are more articles in this blog regarding the issues around our fresh water supply. Use the search tool on the blog for more reading.
- Comprehensive mandatory disclosure by companies of how much freshwater, non-freshwater and recycled water they are using region by region as well as how much water is returning to the surface and where it is ending up.
- Requirements for companies to set quantifiable water use targets, including recycling and non-freshwater use targets.
- Ensure that both companies and local regulators are conducting sufficient water management planning.
- Ensure that companies have a local stakeholder engagement process in place on water issues.
After the water issue is resolved... we are still faced with the toxic remains of the technology, compressor issues, pipeline issues, seismic activity relationships, gas storage facilities, land destruction, etc. Or ..... we can push forward with sustainable, renewable energy sources for investment and development now. Economic growth on a solid ground that does not destroy the planet seems quite logical to me! The choice is clear.