Bloomberg: EU Has Adequate Rules on Shale Gas Exploration, Study Shows

The European Union has adequate legislation to protect the environment as companies including Chevron Corp. explore for shale gas in several member states, a study commissioned by the EU regulatory arm showed.

“The legal study confirms that there is no immediate need for changing our EU legislation,” EU Energy Commissioner Guenther Oettinger said in a statement published today. “This refers to the actual phase of exploration. We take environmental concerns seriously and will continue to monitor the development of shale gas extraction in the EU.” MORE