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California releases proposed new fracking regulations




California released new fracking regulations Friday that requires oil companies to request permission to extract oil through fracking. (Photo: Consol Energy employee Jeff Boggs in front of a horizontal drilling rig near Waynesburg, Penn. in 2012).
California released new fracking regulations Friday that requires oil companies to request permission to extract oil through fracking. (Photo: Consol Energy employee Jeff Boggs in front of a horizontal drilling rig near Waynesburg, Penn. in 2012).
MLADEN ANTONOV/AFP/Getty Images

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The proposed regulations, released Friday, would require that oil companies apply for permission to extract oil through the controversial practice known as hydraulic fracturing, or fracking. The petroleum industry operating in the state is also required to monitor groundwater and test oil wells, as well as notify the public on the chemicals that would be used.

The California Department of Conservation said the new proposed rules take into account both environmental concerns and the economic opportunities brought forth by fracking. While the petroleum industry seems to welcome the proposed rules, environmentalists are up in arms.

Guests:

Jason Marshall, Chief Deputy Director, California Department of Conservation

Kassie Siegel, Director, Climate Law Institute, Center for Biological Diversity

Catherine Reheis-Boyd, President, the Western States Petroleum Association, a nonprofit trade group that represents oil producers in California and five other western states.

Rob Barnett, Bloomberg Government Senior Energy Analyst