Huffington Post , August 30, 2012, Thursday

Huffington Post

August 30, 2012, Thursday

Huffington Post (full article)

The Role of Money in Politics: Extreme Energy Edition

Of course, not everyone will bear these costs. The fracking industry, for one, is looking to profit handsomely, especially now that it can expand into New York. While TransCanada's profits fell last quarter, it still managed to pay out C$272 million to shareholders and have total revenue of C$1.8 billion. At the same time, the job creation and economic development promises these companies make to the impacted communities are unlikely to come through. Cornell's Global Labor Institute definitively debunked TransCanada's job creation number and the idea that fracking creates great, local jobs is a myth, as seen by the inability of fracking operations in Pennsylvania to deliver on the level of local job creation promised.