Wednesday, March 24, 2010

Oil giants propose limiting federal lapse of fracturing

BP, ConocoPhillips and Shell Oil Co. have provided Senate lawmakers with speech to include in a pending climate change bill that essentially would block federal oversight of hydraulic fracturing, a skill that's key to the current natural gas drilling boom.

The companies arranged the document, according to sources familiar with it, at the appeal of the Senate team that is drafting climate change law, which includes Sens. John Kerry, D-Mass., Lindsey Graham, and R-S.C., and Joseph Lieberman, I-Conn.
If integrated into the climate change law, it would keep the Environmental Protection Agency from striking regulations on fracturing, which is now regulated at the state level.

The document recommends that states adopt standards for disclosing the contents of hydraulic fracturing chemicals “to health professionals or state agencies” in order to protect health or environmental safety but maintain “the confidentiality of trade secret information” in the fluids.

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