07 March 2012 18:34 [Source: ICIS news]
HOUSTON (ICIS)--Lack of social acceptance of hydraulic fracturing is one of the top obstacles for the expansion of unconventional natural gas production domestically and overseas, an executive with US-based engineering firm Fluor said on Wednesday.
Peter Oosterveer, Fluor's group president for energy and chemicals, said the industry needs to be more upfront and transparent about the potential risks of fracking.
"I don't think the industry does that particularly well," he said. "The challenge with shale gas is it is a fragmented industry, with a lot of small players."
He said the stakes are too high for the energy industry not to be more socially responsible.
"There's the opportunity to create a lot of jobs here in this country," he said. "There's the opportunity to be more energy independent. It doesn't get much more attractive, but it does require us to be more transparent and more proactive."
Oosterveer spoke at the IHS CERAWeek energy conference, which runs through Friday.
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