NJ Governor Has Interest in Fracking Technology
The New Jersey chapter of the Sierra Club says Governor Chris Christie’s 2010 income tax return lists an investment in a company that treats frack wastewater. The firm, Ecosphere Technologies, provides on-site treatment of the frack fluid so that natural gas drillers can re-use the water to frack another well. The Ecosphere website says their technology has operated at more than 300 wells in shale plays across the country.
A press release put out by the Sierra Club says Christie earned more than $28,000 dollars last year from his stock in the company. The Sierra Club’s Jeff Tittel says the Governor’s investment is a conflict of interest.
“This raises concerns that the Governor is more committed to gas drilling than protecting New Jersey residents from the impacts of fracking. Unfortunately this leads to questioning decisions the Governor has made including vetoing the fracking ban bill and scrapping off-shore LNG which is a competitor to fracking,”