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Add comment on:Green Energy Refugees, Bottled Water, And A New Class Of Landowners In America
Recycling of frac wastewater and decontamination of produced water is still a hopeful myth. Billions of dollars have been invested by companies expecting to profit on a timely and useful technology. But it's not happening. As reported in October, November, and December of 2013 there were only “recurring losses to other investors that sunk hundreds of millions of dollars into companies that promised to solve water concerns by treating water. Publicly traded targets including Nuverra Environmental Solutions Inc. (NES), GreenHunter Resources Inc. (GRH) and Aqua-Pure Ventures Inc. (AQE) which have all reported a succession of losses since 2011. Shares of the three companies have fallen an average 46 percent during the past 21 months.
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