Oil well

Environmental group claims Texas' oil boom could lead to greater emissions

ORGANIZATIONS IN THIS STORY

The oil boom in Texas might possibly contribute to a secondary boom in emissions as well, the advocacy group Environmental Integrity Project is warning.

The basis of their concerns is that falling prices for raw resources such as crude oil and natural gas could encourage growth in industries finding other uses for fossil fuels.

Oregon-based independent reporter Nick Cunningham recently wrote for OilPrice.com about the projected impact of growth in the oil and natural growth industries.

Across the country, Cunningham claimed that the impact of that growth would be equivalent to adding 50 new coal-fired power plants to the national total over the next five years.

Cunningham said that as increased production has created significant price drops, investment in petrochemical plants has grown as investors seek to take advantage of the opportunity.

Cunningham noted that though the U.S. has cut emissions over the last year due mostly to the decommissioning of coal-fired power plants, the country is not on track to meet its Copenhagen Accord commitment for 2020.

ORGANIZATIONS IN THIS STORY

More News