NU Online News Service, Feb. 11, 12:13 p.m. EST
Natural gas exploration companies and public risk managers have a number of issues to consider—from environmental risks of the extraction process to risk transfer—before embracing the process of hydraulic fracturing.
Hydraulic fracturing is the process of extracting natural gas from shale rock. In a report, “Balancing the Opportunities and Risks of Shale Gas Exploration,” the global insurer Zurich said that the World Resources Institute estimates that shale gas provides a 50 to 70 percent reduction in greenhouse gas emissions compared to coal. Together with wind and solar energy, natural gas from shale rock offers the U.S. a strong foundation for a low-carbon electricity system.
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