Chevron CEO: Industry Must Engage With Public Over Fracking Concerns
Bloomberg reports Chevron CEO John Watson says the oil and gas industry needs to meet “high” public expectations related to hydraulic fracturing.
Watson was speaking at event in Washington D.C. at the Center for Strategic and International Studies, according to Bloomberg:
“Public expectations are very high, and there’s no reason they shouldn’t be high,” Watson said. “There are some risks out there. Some risks are overstated. But we have to engage them either way.”
As StateImpact reported, Chevron has joined the Center for Sustainable Shale Development –a Pittsburgh-based coalition of environmental groups, philanthropic foundations and energy companies which has developed a set of 15 voluntary performance standards for drillers.
The standards relate to air and water quality as well as and climate protection. CSSD plans to begin the certification process before the end of the year.