U.S. fracking giant goes to China

http://business.financialpost.com/2014/06/11/u-s-fracking-giant-goes-to-china/?__lsa=05a5-2a5a June 11, 2014

Some say that the United States has undergone a “shale revolution.” America has the most state-of-the-art fracking technology in the world and it is now being taken to China. China has very vast shale deposits. Last June, it was announced that a joint venture between Sinopec and FTS International are going to be the main fracking firms. This is the first time that a specialized hydraulic fracturing corporation from the United States has entered the Chinese market. According to the U.S. Energy Information Administration, China possesses the largest “technically recoverable shale resources in the world.”

 

This is an important topic and it is related to environmental science because China has the largest shale deposits in the world and it will possibly benefit Chinas economy but damage their environment. They are apparently has enough resources to facilitate the fracking but is it worth it given the negative effect to the environment. There are many endangered species in China, pollution is a huge issue and overpopulation is a whole other story. Fracking in China will deteriorate the habitats of many animals and contribute to the pollution problem.