USA today announced the tightening of rules for extracting oil and gas through the controversial system of “fracking” (hydraulic fracturing) and require companies to disclose the chemicals used on land owned or indigenous.
At present, there was no legal requirement for federal removal procedure, known as “fracking”, something criticized by environmental groups warned of the risks of pollution to groundwater.
“As we continue to provide millions of acres of public lands for oil and gas industry, it is essential that citizens have confidence in applying the safety and environmental protections adequate,” said Ken Salazar, Secretary of the Interior, a press release.
U.S. has seen in recent years significantly increase domestic oil production and gas thanks to this and other new techniques that allow rescue bags of both components that until now seemed inaccessible.
“The proposed legislation will modernize our management activities in the wells, including fracking, to ensure that the operations conducted on public lands and Indians are the best practices of the industry,” said Salazar.
For the extraction of oil trapped in shale formations using the fracking, which involves injecting water, sand and chemicals at high pressure to cause fractures in the rock and release natural gas and oil that lies in them.
According to the Department of Interior, about 90% of the 3,400 wells operated on public lands or Indian use this method.
Despite progress, the draft new legislation allows operating companies to disclose the chemicals used after beginning the work of extraction, rather than before and had been raised in the first place.
The oil and gas companies had argued previously that reveal slow down the mining permit and would require disclosure of trade secrets.
Federal regulations on oil and gas extraction had not been updated since 1988, when many were unaware of modern techniques.
The new proposal comes equipped with the state where it takes place much of these activities and that if they had hardened their state law.
Category: Business News