Sharing a wealth of information: how regulators can improve fracking disclosure practices
Both the聽information about聽fracking and the聽know-how abouthow best to employ聽it is available.Should they choose聽to do so, regulators聽can easily and cost effectively聽adopt聽disclosure practices聽that will benefit聽Canadians and their聽communities.
Hydraulic fracturing (鈥渇racking鈥�)聽is a technology employed聽in the production of oil聽and gas from unconventional聽shale formations. The technology聽has become ubiquitous, with聽tens of thousands of fracking聽wells drilled worldwide over the聽past decade. Fracking often takes聽place in relatively populated areas,聽thus posing an array of risks聽to public health such as water聽contamination and induced seismicity.聽In addition to inspecting聽and monitoring these risks, regulators聽now face the challenge of聽keeping the public well-informed聽about their extent.
Joel Gehman is assistant professor of strategic management and organization in the Alberta School of Business at the University of聽Alberta. Dror Etzion is associate professor of strategy at 平特五不中鈥檚 Desautels Faculty聽of Management. Miron Avidan is a doctoral聽student at 平特五不中.
Article appeared on The Hill Times, August 15, 2016聽
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