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).
Fracking (hydraulic fracturing) is a term used to describe a natural gas drilling technique in which thousands of gallons of water, chemicals and sand are pumped into a shale formation to break apart rock and release the natural gas that is trapped below.he fluid is injected further into the formation as the rock fractures. The sand settles in the fractures, keeping them open. These new and open pathways allow the gas to flow freely into the well. Hydraulic fracturing is used mainly to stimulate production from oil and natural gas wells.