The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
Fracking Boom Goes Bust as Companies File for Bankruptcy
"Crude oil prices have declined more than 50 percent since last year," says Nova Safo of NPR's Marketplace. "Fracking companies in places like North Dakota, West Texas, parts of Oklahoma and Kansas have all taken a big hit. Many are filing for bankruptcy protection or going out of business."
"There were a large number of new entrants into the fracking business during the last four to five years," industry analyst James West of Evercore told NPR. "These are very small ... they were building out their fleet. And now they're finding there's no work out there, and so they're having to close their doors."
YOU MIGHT ALSO LIKE
EcoWatch Daily Newsletter
Singapore will become the first country in the world to place a ban on advertisements for carbonated drinks and juices with high sugar contents, its health ministry announced last week. The law is intended to curb sugar consumption since the country has some of the world's highest diabetes rates per capita, as Reuters reported.
By Susan Cosier
First there was Fred Stone, the third-generation dairy farmer in Maine who discovered that the milk from his cows contained harmful chemicals. Then came Art Schaap, a second-generation dairy farmer in New Mexico, who had to dump 15,000 gallons of contaminated milk a day.
California Governor Gavin Newsom signed into law a bill that that bans the sale and manufacture of fur products in the state. The fur ban, which he signed into law on Saturday, prohibits Californians from selling or making clothing, shoes or handbags with fur starting in 2023, according to the AP.
By Simon Evans
During the three months of July, August and September, renewables generated an estimated total of 29.5 terawatt hours (TWh), compared with just 29.1TWh from fossil fuels, the analysis shows.