The Obama administration is still playing it cool with environmentalists. First it skirted the protracted battle over the Keystone XL pipeline, which could carry dirty tar sands oil from Canada to the American Gulf Coast. Now it’s facing opposition to proposed fracking regulations on tens of millions of acres of government land.
The Obama administration on Friday unveiled its first major standards for oil companies that frack on federal lands, including beefed-up safety measures to protect groundwater, prompting industry complaints they will be a barrier to growth.
Bottom Line: US Interior Secretary Ken Salazar is talking about a proposal to regulate oil and gas fracking on public lands, and while we haven’t seen a draft of this proposal yet, word is that it will emerge in the very near future. Analysis: US media reports coming out of Washington say that Salazar has told a House subcommittee that draft regulations on fracking on public lands are in the works and should be announced in the near-term future.
By Don Dion:
ExxonMobil Discloses Fracking Risk
ExxonMobil Corp (XOM), the largest publicly-traded energy company in the world, has agreed to disclose environmental risks associated with hydraulic fracturing.
While clamping down on coal emissions with their new initiative to address climate change, it looks like the Obama administration is embracing natural gas extraction instead. That means fracking, the controversial recovery method that's driving America's natural gas boom, will continue.
NEW DELHI: Amid concerns over companies refusing to share extra profit with investors, regulator Sebi has readied a new regulation mandating listed firms to put in place a 'dividend distribution policy'. The new regulatory framework will be applicable to the top 500 listed companies based on their market valuation initially and would be later expanded to others. A proposal in this regard would be presented before the Sebi's board next month, after which necessary amendments can be made to the Listing Obligations and Disclosure Requirements (LODR) Regulations, a senior official said.
WASHINGTON (Reuters) - The Obama administration unveiled long-awaited rules on Friday to bolster oversight of so-called "fracking" on public lands, seeking to allay concerns over the technology that has spurred a U.S. boom in shale gas drilling. The Interior Department proposal would require that companies obtain government approval to use hydraulic fracturing, or fracking, in drilling for natural gas on federal lands. The rules would not affect drilling on private land, where the bulk of shale exploration is taking place. ...