Funding Well May Be Running Dry For Frackers

Funding Well May Be Running Dry For Frackers

According to The Wall Street Journal, fracking companies are seeing their sources of capital on Wall Street dry up as investors are looking elsewhere given that many of the frackers have been operating at a loss for more than a decade.  The lack of capital to keep these companies liquid is forcing them to cut costs and plan for slower growth.  This is particularly true for small companies with lots of debt, but it is also happening to larger companies that are desperately trying to meet earnings targets set by their Wall Street lenders. 

Continue Reading 408 words

Want the planet in your inbox?

Subscribe to the email that top lawmakers, renowned scientists, and thousands of concerned citizens turn to each morning for the latest environmental news and analysis.