Chevron gives up on last fracking project in Europe

US energy giant Chevron is terminating its operations in Romania due to poor exploration results and prolonged protests by environmentalists.The withdrawal from this fracking project will mark the end of the company’s shale gas exploration in Europe.

Because of falling oil prices and underwhelming results in Europe, Chevron is now switching its focus to home soil. Last month, the company announced it was halting it projects in Poland, and terminated shale-gas agreements in Lithuania and Ukraine.

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How bad is the historic drought plaguing California? So bad, reports Newsweek, that Central Valley farmers consider wastewater purchased from Chevron’s oil drilling activities to be “a good deal.” Freshwater, which is typically preferred for use on food crops, is selling for up to 10 times its usual cost. That’s where Chevron, which produces 10 barrels of wastewater for every one barrel of oil, steps in. The company, explains reporter Zoë Schlanger, is selling up to 500,000 barrels of that waste per day back to the Cawelo Water District in Kern County, “essentially ‘at cost,’” for farmers’ use.

This can’t be a good idea