Forum Discussion
LindsayRichards
May 29, 2013Explorer
They are building a new fracking research lab in OK and are investing $15 BILLION in the technology. Many other companies have done similar things for years. GE got on teh bandwagon a few years. Enviromentalist hate fracking and will be trashing GE for this. This technology has been common since 1949 and the ground water, flaming water, and earthquakes are all smokescreens by teh enviromentalist. This isn't the place for the discussion. I thought the group would like to see the article, but was afraid you would try to slam it and me. You did. Give it a break.
PITTSBURGH —
One of America's corporate giants is investing billions of dollars in the new boom of oil and gas drilling, or fracking. General Electric Co. is opening a new laboratory in Oklahoma, buying up related companies, and placing a big bet that cutting-edge science will improve profits for clients and reduce the environmental and health effects of the boom.
"We like the oil and gas base because we see the need for resources for a long time to come," said Mark Little, a senior vice president. He said GE did "almost nothing" in oil and gas just over a decade ago but has invested more than $15 billion in the past few years.
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