New Fracking Rules in US

business_ethics_highlights_2Don’t get too excited (or upset). The new rules only apply on federal land — not state-owned land or private property. But officials apparently believe (at least, the say) that these rules will serve as a baseline, or perhaps a reference point. >>>

US government unveils first set of fracking rules (CNBC)

The federal government unveiled the first safety mandates for fracking operations on federal and Indian lands on Friday.

Hydraulic fracturing, or fracking, a controversial process that involves pumping water, sand and chemicals into a well to extract oil or gas. Environmentalists say fracking poses health risks. The new rule will take effect in 90 days, according to the Bureau of Land Management.

“Many of the regulations on the books today haven’t kept pace with advances in technology,” U.S. Secretary of the Interior Sally Jewell said on a media conference call…..

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