Elizabeth Warren has pledged to 'ban fracking everywhere' on her first day in office.
ABU DHABI, United Arab Emirates — One of the energy industry's most prominent experts is flabbergasted at Democratic presidential contender Elizabeth Warren's promise to ban fracking if elected.
"In the U.S., oil production is primarily regulated by the states but there is so much that the federal government can do with a thousand cuts of regulation and so forth … and to just say she's against fracking shows a total lack of understanding." The Massachusetts senator has put combating climate change at the top of her list of campaign promises, and a growing number of American voters, particularly millennials, rate the issue as a key concern. Democratic presidential hopefuls Bernie Sanders and Kamala Harris have made similar pledges.
International Energy Agency Director Fatih Birol in September told CNBC that a fracking ban "would have major implications on the market for the U.S. economy, for jobs growth and everything," and was "not good news for energy security, because U.S. natural gas provides a lot of security to the markets."
Protesters gathered out front of the Colorado Supreme Court Building to protest fracking before hearings on local communities and fracking on Wednesday, December 09, 2015.But increasingly part of the conversation is the need to clean up the procedure and extract gas in a way that doesn't degrade the surrounding environment. Industry leaders say they're looking at ways to curtail some of fracking's negative effects, such as the release of methane gas into the atmosphere.
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