ExxonMobil warns of new fracking regulations

ExxonMobil: New fracking regulation warning

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By News Wires

 28 April 2011 20:10 GMT

ExxonMobil warned that any new government regulations on hydraulic fracturing could stop shale exploration.



"Government policies did not cause the shale gas revolution in this country, but they could stop it in its tracks," Ken Cohen, vice president of public and government affairs, said in remarks to reporters.

Earlier this week, the White House said the natural gas industry should support "common sense" regulation to ease public worry about potential water contamination from fracturing, a drilling practice vital to the US shale gas boom, Reuters reported.

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