[Marxism] The financial sink-hole of fracking & the Canadian pension fund

John Reimann 1999wildcat at gmail.com
Wed Jul 31 15:08:35 MDT 2019


In many ways, the world economic boom has been fueled by the low cost of
gas and oil, and fracking has been at the heart of this dynamic. However,
fracking has rarely been profitable and has piled up enormous debt. That's
quite aside from the disastrous effects on the environment. Here is an
article that documents the financial problems of the frackers. Evidently
the Canadian pension fund has now stepped in to invest in fracking!

https://truthout.org/articles/the-fracking-industry-is-in-debt-retirement-funds-are-helping-bail-it-out/

John Reimann

-- 
*“In politics, abstract terms conceal treachery.” *from "The Black
Jacobins" by C. L. R. James
Check out:https:http://oaklandsocialist.com also on Facebook



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