Looks like the G8 members—countries that belong to “the group of eight” of the largest economies in the world (the United Kingdom, France, Russia, Germany, the United States, Japan, Italy and Canada)—think fracking is a good idea. So says the official communiqué issued by the ministers that met last weekend at Camp David.
In a 40-point declaration, the G8 said it was committed to a policy of energy security that focused on safety and sustainability.
"We are committed to establishing and sharing best practices on energy production, including exploration in frontier areas and the use of technologies such as deep water drilling and hydraulic fracturing, where allowed, to allow for the safe development of energy sources, taking into account environmental concerns over the life of a field," the declaration read.*
*UPI (May 21, 2012) – G8 warms to fracking, deep-water drilling