Persistently low prices have challenged the economic viability of the fracking industry’s continuous and steady expansion. So now, frackers are banking on polluting partnerships with three industrial players: the petrochemical and plastic industries that use natural gas liquids as feedstock for manufacturing; gas exporters building liquefied natural gas terminals to ship gas overseas; and the electric power industry, which is using fracked gas for unnecessary gas-fired power plants. These industries are throwing an economic lifeline to the fracking industry, and it’s all in service of creating new demand for what has been becoming a sinking investment.
Not ‘Freedom Gas’ But ‘Failure Gas'”
“This new analysis paints a devastating picture of what our world will look like if fracking and fossil fuel infrastructure buildout aren’t halted soon.”
—Dr. Sandra Steingraber, biologist and activist