By Rosanna Esparza and Ashley Hernandez, The Sacramento Bee ACTION ALERT: Send Governor Newsom a message now to reverse his decision and halt fracking. Highlights California Governor Gavin Newsom approved 24 new fracking permits for the state in the midst of shelter-at-home mandates as the COVID-19 pandemic rages on. Though Newsom is doing great at … Read more
by Tim McDonnell, Quartz Highlights Failing prices are a hard blow for many of these companies, who need oil prices of at least $30 to be profitable. Stocks that were once over $100 a share are now dipping dramatically and the top largest fracking companies in the US can’t turn a profit. Whiting Petroleum, a … Read more
by David Wethe, Bloomberg Highlights: Major fracking companies are expecting to crash and don’t anticipate receiving financial help from Wall Street, potentially paving the way for more renewable energy projects. Though drilling rig numbers have dropped in the past, the current decline could come much faster this time according to fracking giant Schlumberger Ltd. Halliburton, … Read more
