SEC proposes new climate rules for publicly-traded companies
Thursday, March 24, 2022
Earlier this week, the Securities and Exchange Commission proposed rules that would require publicly traded companies to provide more information on how their operations affect the climate and carbon emissions, according to CNBC.
The SEC said the new rule would make companies disclose how climate risks affect their business, outline their own greenhouse gas emissions and report on climate-related targets and goals.
In a media briefing following the SEC’s Monday meeting, Chair Gary Gensler said the proposed rules would not only help to protect investors but also respond to requests for greater clarity about corporate carbon emissions.
Learn more: CNBC > SEC proposes broad climate rules as Chair Gentler says risk disclosure will help investors
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Marcellus & Utica Shale Well Map
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.