(CNSNews.com) – “Promised Land,” the anti-fracking film written and produced by Hollywood stars Matt Damon and John Krasinski, was made in part by a production company owned by the government of Arab oil emirate Abu Dhabi – a state in direct competition with American oil and gas producers.
The film is financed in part by Image Nation Abu Dhabi, a subsidiary of Abu Dhabi Media which is owned by the government of Abu Dhabi, one of 13 Arab emirates that makes up the United Arab Emirates (UAE) and serves as that country’s capitol.
Abu Dhabi media was created by the Abu Dhabi government in 2007 with $27.3 million as part of that country’s effort to diversify its economy into new markets such as media production.
The film’s Abu Dhabi connection is significant, because the UAE is the world’s third largest oil exporter, according to 2011 figures from the U.S. Energy Information Agency. The country also holds the 7th largest proven reserves of crude oil and natural gas in the world. The UAE was ranked 17th in the world in natural gas production in 2010, according to EIA.
That the UAE is a major natural gas and oil producer puts it in direct competition with U.S. natural gas producers, who have seen a revolution in production with the increased use of fracking – an old process that has found new uses as technology has made it possible to drill new wells and open up gas reserves that were once thought inaccessible.
As fracking has found wider use, especially in the U.S., natural gas production has soared, bringing new jobs and economic opportunity to many American communities and weakening the hold that states such as the UAE once had on oil and gas production and global prices.
The film tells the story of Steve Butler (Damon), a natural gas company salesman, as he travels to an impoverished Pennsylvania town trying to acquire drilling rights from local landowners and environmentalist Dustin Noble (Krasinksi), who is intent on stopping him.