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  • Quake Threat Leads Swiss to Close Geothermal Project

    12/12/2009 1:18:53 PM PST · by reaganaut1 · 8 replies · 586+ views
    New York Times ^ | December 11, 2009 | James Glanz
    A $60 million project to extract renewable energy from the hot bedrock deep beneath Basel, Switzerland, was shut down permanently on Thursday after a government study determined that earthquakes generated by the project were likely to do millions of dollars in damage each year. The project, led by Markus O. Häring, a former oilman, was suspended in late 2006 after it generated earthquakes that did no bodily harm but caused about $9 million in mostly minor damage to homes and other structures. Mr. Häring is to go to trial next week on criminal charges stemming from the project. [...] The...