Exxon puts pressure on smaller frackers

Big Oil wants fracking rules that only it can afford.

UPI reports:

A disclosure program regarding shale natural gas development in Europe will give policymakers confidence about their resource potential, an executive said…

Some European countries rich in shale natural gas deposits placed a moratorium on extraction because of concerns about the environmental impact of hydraulic fracturing fluid.

“Exxon Mobil believes that a comprehensive disclosure program allows citizens and communities to consider this technology with a strong factual foundation,” said Tillerson. “We believe that will lead to open discussion about environmental protection and risk management, and the potential benefits of shale development in Europe.”

Read the entire report.

Shell is another part of Big Oil looking to swallow Small Frack.

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