Thursday, October 17, 2013

STOP FRACKING!

Horrifying Fracking has come to India. Oligarch Mukesh Ambani's promoted conglomerate acquired shale gas assets in the US in 2010 for $3.45 billion and has invested $5.7 billion in shale gas joint ventures till the June 2013 quarter. Reliance Industries Ltd (RIL) will invest $5.1 billion (Rs 30,290 crore) in the next three years in its US shale gas business, taking the total investment in the business to $10.8 billion. 
Even the Public Sector "Oil and Natural Gas Corporation Limited" (ONGC) had taken up a pilot project for Shale gas in exploration in Raniganj, West Bengal and North Karanpura in Jharkhand. All the seven phases of the project have already been completed. In the Raniganj sub-basin the Gas in Place (GIP) is estimated to be 48 trillion cubic feet (TCF). ONGC is planning to explore Cambay, Krishna-Godavari, Cauvery and Vindhyan sedimentary basins for shale gas in alliance with US oil major ConocoPhillips. 
Watch the film "Promised Land" starring Matt Damon and the documentary 'Gasland' by John Fox. 
JOIN the RESISTANCE against FRACKING! STOP FRACKING!


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