• Fracking measure back on table

    by  • May 16, 2013 • News

    The fracking legislation that fell apart this spring has now been put back together.

    Politicians, industry, labor and some environmentalists announced fracking regulations in February, to regulate the process of using high-pressure water, sand and chemicals to crack rock and release oil and natural gas. 271571-fracking-220x165

    The deal fell apart over the concern by Operating Engineers Local 150 that Illinoisans get the jobs that fracking will create, and environmentalists’ worry that some drillers would skirt the intent of the law.

    Negotiations produced resolutions to these problems:

    According to Mark Denzler of the Illinois Manufacturers Association, the measure has created a small incentive for companies to hire local.

    If companies hire a majority of Illinois workers will they be allowed to receive an incentive on the severance or extraction fees that drillers will have to pay to the state.

    Denzler expects a committee hearing on the new bill as early as Thursday. Supporters say fracking will create jobs, and revenue for the state.