1 Trusts: A trust must be set up before you can designate one or more trustee and name the trust beneficiaries. 2  Charity: You can name a charity as either the primary or contingent beneficiary. 3  Key person life insurance: It is a common practice for a business to purchase life insurance on key personnel in the company.
Pros and cons of fracking. There has been much debate recently about the advisability or otherwise of drilling for oil or gas deposits in shale using the technique popularly known as fracking (more properly called hydraulic fracturing).
Hydraulic fracturing, commonly called fracking, is a drilling technique used for extracting oil or natural gas from deep underground. Fracking is a hotly debated environmental and political issue.Advocates insist it is a safe and economical source of clean energy; critics, however, claim fracking can destroy drinking water supplies, pollute the air and contribute to the greenhouse gases that cause global warming.ow fracking works. Most fracking wells in use today rely on two technologies: hydraulic fracturing, which has been in use since the 1940s, and horizontal drilling, a technique that first became widespread in the 1990s.