The hydraulic fracturing boom has made America energy independent and seriously threatened Russian energy export to the US.
A new letter from the House Science, Space and Technology Committee allegedly accused Russia of funding environmental activism to undermine the U.S. energy industry.
The Washington Times reported:
“Two key House Republicans have called on the Trump administration to investigate whether Russia is trying to undermine the U.S. energy industry by funding environmental activism as part of a “propaganda war against fossil fuels.”
Russia’s goal is to “suppress the widespread adoption of fracking in Europe and the U.S.,” according to a letter to Treasury Secretary Steven Mnuchin from House Science, Space and Technology Committee chairman Lamar Smith and energy subcommittee chairman Randy Weber.
“If you connect the dots, it is clear that Russia is funding U.S. environmental groups in an effort to suppress our domestic oil and gas industry, specifically hydraulic fracking,” said Mr. Smith, Texas Republican, in a Friday statement.
“They have established an elaborate scheme that funnels money through shell companies in Bermuda,” he said. “This scheme may violate federal law and certainly distorts the U.S. energy market. The American people deserve to know the truth and I am confident Secretary Mnuchin will investigate the allegations.”
The Republicans said the panel is already conducting oversight into “what appears to be a concerted effort by foreign entities to funnel millions of dollars through various non-profit entities to influence the U.S. energy market.”
Certainly Russia has a motive. The widespread adoption of hydraulic fracturing and horizontal drilling has fueled an energy boom in the United States that threatens Russian exports of oil and natural gas, which accounted for 68 percent of the country’s export revenue in 2013.
The letter pointed to reports that Russian entities may have funneled millions through a Bermuda shell company, Klein Ltd., to the Sea Change Foundation in San Francisco, which has in turn provided grants on anti-fracking groups like the Sierra Club and the League of Conservation Voters Education Fund.”
Do you believe in this new conspiracy?