Questerre Energy Corporation

March 14, 2011

WSJ: Quebec Halts Most Shale-Gas Activity After Inconclusive Environmental Assessment

Source: Dow Jones News Service, March 9, 2011
Posted on:

The provincial Canadian government of Quebec said it would halt most new natural-gas exploration and development following an environmental assessment of shale-gas extraction that called for further studies, putting a fresh regulatory spotlight on the method amid recent environmental worries in the U.S.

The move also puts the brakes on a new and promising exploration play in Canada’s eastern region, where drillers have recently migrated to exploit the area’s shale-gas deposits-pockets of natural gas trapped in pores of shale rock. Shale-gas development has skyrocketed in the U.S., with companies flocking in recent years to long-ignored deposits in places like Pennsylvania, Texas and the Rocky Mountains.…