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.