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Friday, August 31, 2012

A race to the top on fracking?

This article presents some very hopeful information about serious efforts that are underway  the U.S. to ensure the responsible production of natural gas from hydraulic fracturing. They include:

  • Work by the Environmental Defense Fund (EDF) to secure strong regulations in 15 major gas-producing states.  EDF is being supprted in this effort by the Bloomberg philanthropies and the Cynthia and George Mitchell Foundation. The latter is the "father of fracking" who recently called for stronger regulation of the practice he pioneered;
  • A  new “Institute for Gas Drilling Excellence” (IGDE) that is being spearheaded by my friend and former colleague John Hanger; and
  • The Investor Environmental Health Network (IEHN)-led effort by 55 major investors calling for, in the words of my friend IEHN Executive Director Rich Liroff “a corporate race to the top in adopting best practices.” 

There are other industry- and NGO-led efforts, as well as stakeholder groups, in the field.  Individual companies, recognizing the global nature of these issues, are also considering serious leadership opportunities that would go well beyond current regulations.  All of this work is critically important and urgently needed.


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