Fredericton, Saint John and Moncton Chambers of Commerce Disappointed with Indefinite Extension of Hydraulic Fracturing Moratorium
CAPP Press Release: New Brunswick’s decision to extend hydraulic fracturing moratorium is a step in the wrong direction
New Brunswick is home to vast natural gas resources that could play a vital role in our economic and environmental future.
Oil and gas development is not new to the Province – in fact, the first oil well was drilled over a hundred years ago and since then more than 51.3 billion cubic feet of natural gas has been produced.
Hydraulic fracturing itself has more than 65 years of safe operation and has been used to develop more than 1 million wells in North America – that’s roughly 90 per cent of the total oil and gas wells drilled.