Hydraulic Fracking Continues to Face Controversy as CHMR Proceeds With System Designed as Safer Alternative
September 06 2012 - 8:30AM
Marketwired
Chimera Energy Corp (OTCBB: CHMR): The Cornell Daily Sun reported
yesterday that with state and local elections rapidly approaching,
Tompkins County, New York politicians remain at odds over one of
the most contentious issues in New York State, which is hydraulic
fracking. In December 2010, the Tompkins County Legislature voted
14 to one in favor of petitioning New York State for a statewide
ban on fracking. While pleased with this step, Martha Robertson,
chair of the Tompkins County Legislature, said hydraulic fracking
is an issue that extends beyond New York State and deserves federal
attention.
"We've made tremendous headway in New York in educating
lawmakers," Robertson said. "But there is fracking going on in at
least 31 other states. It's a federal issue. Even if we ban it in
New York, it's not enough."
The full article may be read at:
http://www.cornellsun.com/section/news/content/2012/09/05/tompkins-county-representatives-push-fracking-ban
Chimera Energy Corp's Non-Hydraulic Extraction system is an
unprecedented Shale Oil extraction system designed to safely and
economically replace hydraulic fracking (AKA fracturing and
fracing) without negative environmental impacts. The new process
uses no water and also does not use steam, LPG gel, natural gas or
the pumping of anything hot into the well.
Non-Hydraulic Extraction has recently emerged to be asserted as
a cheaper and more effective extraction method that does not affect
groundwater at all. Chimera Energy Corp is in the process of
reengineering this new method for mass production, relicensing and
sales. For a description of how Non-Hydraulic Extraction works,
please visit www.zerowaterfracking.com
Chimera Energy Corp is currently proceeding with efforts to
utilize Non-Hydraulic Extraction in Mexico. The Company plans to
use the resulting data from Mexico to further proliferate the new
technology worldwide, including in the United States.
About Chimera Energy Corp.
Chimera Energy Corp is a Texas corporation listed on the OTCBB
under the trading symbol CHMR. Chimera Energy Corp (CHMR) acquires,
develops, licenses and sells new energy technology and products
that are designed to profit from the current domestic shale oil
boom.
More information about Chimera Energy Corp may be found at
www.ChimeraEnergyUSA.com
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
"believes," "expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone's past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the company assumes
no responsibility to update the information included herein for
events occurring after the date hereof.
Media Contact: Charles Grob Chimera Energy Corp 832-390-2334
Chimera Energy (CE) (USOTC:CHMR)
Historical Stock Chart
From May 2024 to Jun 2024
Chimera Energy (CE) (USOTC:CHMR)
Historical Stock Chart
From Jun 2023 to Jun 2024