Black Friday Sale! Save huge on InvestingProGet up to 60% off

Trump administration rescinds fracking rules for government lands

Published 12/29/2017, 10:14 AM
© Reuters.  Trump administration rescinds fracking rules for government lands
IEO
-
FCG
-
PXJ
-
XOP
-
XES
-
XLE
-
IYE
-
OIH
-
ERX
-
ERY
-
DIG
-
GASX
-
GASL
-
FXN
-
IEZ
-
PXE
-
DDG
-
DUG
-
RSPG
-
VDE
-
FENY
-
GUSH
-
DRIP
-
CRAK
-
BGR
-
FIF
-
NDP
-
ERGF
-
JHME
-
NANR
-
FTXN
-
  • The Trump administration is rescinding proposed rules for hydraulic fracturing and other drilling practices on government lands, drawing praise from industry groups and condemnation for environmentalists.
  • The rules developed under Pres. Obama would have required oil and gas drillers to disclose the chemicals used in fracturing, which the companies say would have duplicated state rules and added unnecessary and expensive burdens.
  • The Interior Department also proposes to eliminate some safety regulations for offshore oil and gas drilling that the Obama administration put in place after BP’s Gulf of Mexico oil spill in 2010.
  • One of the safety provisions planned for removal by Interior's Bureau of Safety and Environmental Enforcement is a requirement for operators to get a third party to certify that safety devices work under extreme conditions.
  • ETFs: XLE, VDE, XOP, ERX, OIH, GASL, FCG, XES, ERY, DIG, BGR, GUSH, FENY, IYE, DUG, DRIP, IEO, FIF, GASX, IEZ, NDP, PXE, RYE, PXJ, CRAK, FXN, DDG, NANR, FTXN, JHME, ERYY, ERGF
  • Now read: SPDR Select Energy ETF - Real Growth, Real Returns


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.