Fracking Firms Fail, Rewarding Executives and Raising Climate Fears – The New York Times
Credit: Jonah M. Kessel/The New York Times.
Article Synopsis – As demand diminishes, more and more oil and gas companies are filing bankruptcy and leaving unprofitable wells abandoned and leaking methane into the atmosphere. “Almost 250 oil and gas companies could file for bankruptcy protection by the end of next year.” In the wake of this environmental and economic disaster, many businesses are continuing to pay their executives millions in compensation, while tax payers are left to clean up the mess. To read the actual article click here.