Chevron CEO admits fracking raises “legitimate” safety concerns
Energy producers must deal with the “legitimate concerns” that gas development associated with hydraulic fracturing is unsafe by adopting tougher standards, Chevron Corp. Chief Executive Officer John Watson said. …
“Public expectations are very high, and there’s no reason they shouldn’t be high,” Watson said. “There are some risks out there. Some risks are overstated. But we have to engage them either way.”
Kurt Glaubitz, a Chevron spokesman, said Watson was referring to concerns with truck traffic and the disposal of hazardous wastewater from the fracking process as areas of concern the industry needs to confront.
Those are stronger words than we’ve heard from the Obama administration, which is taking a less-than-aggressive approach to regulating the fracking industry — much to the anger of environmentalists.
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