A fracking law passed in 2013 could soon finally take effect in Illinois -- it's expected drillers will find oil and gas in southern Illinois. A bipartisan legislative committee gave its okay to a revised set of regulations.
The long wait is an indication of how controversial hydraulic fracturing is; supporters hail its opportunity to spur economic growth while environmentalists decry the potential damage it may cause.
Passing a law was supposed to be the hard part, but the two sides came to a compromise. It's over the details since that they've departed.
Originally published on Tue September 16, 2014 4:31 pm
It will be at least another month before legislators take up regulations of hydraulic fracturing. The Joint Commission on Administrative Rules, or JCAR -- a bipartisan panel -- voted Tuesday to spend more time reviewing, and potentially rewriting, them.
After several stumbles, an agreement has been reached on how to regulate "fracking" in Illinois. An Illinois House committee could vote on the package Thursday. Tom Wolf heads the Illinois Chamber of Commerce Energy Council.
"At the end of the day I think we've found what I would call the regulatory sweet spot." - Tom Wolf
Illinois legislators say they've reached a deal on the taxes and fees companies that use hydraulic fracturing must pay the state. It was the last major stumbling block of an agreement on how to regulate the oil and gas drilling technique known as fracking.
Representative John Bradley of Marion, announces an agreement to regulate the oil and gas extraction process known as “fracking.” Business groups and environmentalists stand behind him in support of the proposal.