Dow Chemical Co. (DOW) issued a statement applauding President Obama's Executive Order commissioning an interagency working group to support the safe and responsible development of the country's vast shale gas resources.
"We are pleased with the signing of this Executive Order and consider it a vital step toward ensuring that federal regulation of hydraulic fracturing for shale gas is not overly burdensome and duplicative of state efforts, and addresses real risks using sound scientific data," stated Andrew Liveris, chairman and CEO of The Dow Chemical Company.
"Smart policy paves the way for business planning, and today's announcement will help U.S. companies to responsibly capitalize on the tremendous shale gas opportunity, which will lead to further investment on our soil and thousands of job opportunities for Americans," said Andrew Liveris.
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