MIDLAND, Mich.--(BUSINESS WIRE)-- The Dow Chemical Company (NYSE: DOW) issued a statement today 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.”
The signing of this Executive Order follows a letter submitted in March by the CEOs comprising the Business Roundtable that made recommendations to the White House on several federal regulation fronts, including a recommendation to name a point person in the administration to oversee hydraulic fracturing regulation.
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Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2011, Dow had annual sales of $60 billion and employed approximately 52,000 people worldwide. The Company's more than 5,000 products are manufactured at 197 sites in 36 countries across the globe. References to 'Dow' or the 'Company' mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
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