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Create a ‘fracking fund’

March 13, 2013

The claim that fracking is safe should be backed up with protection for the community. A simple solution would be to have money set aside in a fund that would be drawn on in case someone’s property is damaged. This is similar to the practice of getting security for a house rental or having auto insurance to pay an accident victim.

It should be understood that the gas/oil companies package many leases together and sell them around in the world. This makes it very expensive and difficult to get compensation for damages. The claim that fracking is safe must be backed up with money. This is something that local government can do. And it would be fair to everyone.

The oil/gas companies must contribute to a fund to protect the community. This would go a long way toward healing the hostility between those who want a gas well on their property and neighbors who are concerned by what that will do to their property.

We must find a way to get out of the crisis that we are getting ourselves into.

Richard J. Kreznar
Callicoon Center, NY