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New Brunswick bans fracking, plans ‘prudent’ impact study – Financial Post

March 26, 2015

PORTLAND, Maine — Lawmakers in New Brunswick voted on Thursday to prohibit fracking in the eastern Canadian province, committing to study the controversial method of extracting oil and gas for one year before reconsidering the ban in 2016.

The province’s Liberal-led government said it will require five conditions be met before the moratorium is lifted. These include beefed-up environmental and health regulations, a plan for waste water disposal, consultations with aboriginal groups, a royalty structure, and the establishment of a “social license,” which is the approval by local communities and stakeholders.

“It is responsible and prudent to do our due diligence and get more information regarding hydraulic fracturing,” said Energy and Mines Minister Donald Arseneault.

Read More: http://business.financialpost.com/2015/03/26/new-brunswick-bans-fracking-plans-prudent-impact-study/?__lsa=75c0-32f9

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