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Shale Oil's Bailout: Did Dangerous Drilling Get Federal Funds?


First Posted: 12-29-08 07:43 AM   |   Updated: 01-29-09 05:12 AM

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Treehugger.com:

Unbelievably, according to the LA Times, the oil shale extraction industry was included in the Federal $700-billion bailout package. Would than include a foreign-owned company like Shell? You'd hope not...but who knows?

So there's the answer to what to do about it.

Because the potential water resource impacts of large scale oil shale extraction encompass downstream states and because direct Federal incentives are being offered for oil shale extraction on extensive public lands, a full environmental impact statement (EIS) is needed on the total likelyproject scope, per National Environmental Policy Act (NEPA) requirements.

Read the whole story: Treehugger.com

Filed by Dave Burdick  |  Report Corrections