by Kathy Hipple, IEEFA, January 28, 2020
Highlights
Forty-two companies within the United States that have fracking based portfolios filed for bankruptcy in 2019:
- In total, the aggregate debt of these companies was $26 billion
- The fracking sector struggled due to overproduction, gas and oil prices, and increasing debt throughout the past 5 years
- Moody’s Credit Rating assesses that the fracking industry never recovered from oil price slumps in 2015-2016
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Read more: https://ieefa.org/ieefa-update-bankruptcies-multiply-for-fracking-sector/
Nina Turner
Energy Programs and Communications CoordinatorJanina is a graduate of the Energy Management and Design program at Sonoma State University with experience in non-profits that specialize in sustainability and volunteerism.
