Too Big to Shale: The Fed’s fracking bailout could yield disaster

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Climate Economy

Too Big to Shale: The Fed’s fracking bailout could yield disaster

The Federal Reserve has acted as a lender of last resort to the shale industry. It could end in economic and climate catastrophe. This feature is the first of Climate & Capital Media's special in-depth reports on key elements of the climate economy. Given the story’s length, you may want to read the story in PDF form (with additional notes) on your smart phone, tablet or computer. When global energy demand screeched to a halt in the pandemic-ridden spring of 2020, it exposed the dire reality of American shale production.…

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