The report begs the disconcerting question: is the shale gas bubble on its way to bursting?

In a missive titled “White Paper: Financial Risks of Investments in Coal,” As You Sow concludes that coal is becoming an increasingly risky investment with each passing day. The fracking boom and the up-and-coming renewable energy sector are quickly superseding King Coal’s empire as a source of power generation, As You Sow concludes in the report.

Pennsylvania recently passed Act 147 – also known as the Indigenous Mineral Resources Development Act – opening up the floodgates for hydraulic fracturing (“fracking”) on the campuses of its public universities. As noted in a recent post by DeSmog, the shale gas industry hasn’t limited Version 2.0 of “frackademics” to PA’s campuses, but is also fracking close to hundreds of K-12 schools across the country, as well.

In Pennsylvania – a state that sits in the heart of the Marcellus Shale basin – the concept of “frackademia” and “frackademics” has taken on an entirely new meaning.

On Sept. 27, the PA House of Representatives – in a 136-62 vote – passed a bill that allows hydraulic fracturing, or “fracking” to take place on the campuses of public universities. Its Senate copycat version passed in June in a 46-3 vote and Republican Gov. Tom Corbett signed it into law as Act 147 on Oct. 8.

A huge report was published on Oct. 10 by Los Angeles County that’ll likely open the floodgates for hydraulic fracturing (“fracking”) for unconventional oil and gas in the Monterey Shale basin. The report, as it turns out, was done by LA County in name only.

As the Los Angeles Times explained, the study found “no harm from the method” of fracking as it pertains to extracting shale gas and oil from the Inglewood Oil Field, which the Times explains is “the largest urban oil field in the country.”

State-level fracking chemical disclosure bills have been called a key piece of reform in the push to hold the unconventional gas industry accountable for its actions. The tale of hows a Texas bill became a national model exemplifies the stranglehold polluter power and corporations like have over both the federal government and statehouses nationwide. But ALEC wasn’t the only trojan horse behind the loophole-filled bill.

The fracking industry is “California Dreamin‘,” to borrow the song title of The Mamas & The Papas age old classic.

Amnesty International and the Centre for Environment, Human Rights and Development (CEHRD) unveiled documents pertaining to the Royal Dutch Shell Oil 2008 Bodo oil pipeline spill that showed that 60 times the amount of oil Shell had originally reported spilling have actually spilled in the ravaged Niger Delta coastal town with a population of 60,000 people.