Information booms and busts: Examining oil and gas disclosure policies across the states

Today's 'fracking debate' includes a familiar set of actors and arguments. Advocates of unconventional oil and gas production contend that it has contributed to an economic renaissance for many subnational governments and has improved American energy security. Opponents suggest that u...

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Bibliographic Details
Published in:Energy policy 2019-04, Vol.127, p.374-381
Main Authors: Fisk, Jonathan M., Good, A.J.
Format: Article
Language:English
Subjects:
Disclosure
Drilling
Energy
Energy policy
Energy security
Environmental protection
Fracking
Gas production
Health care policy
Health hazards
Health risks
Hydraulic fracturing
Information disclosure
National security
Notification
Oil and gas
Oil and gas production
Organic chemistry
Petroleum
Production
Public health
Security
State policy
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Summary:Today's 'fracking debate' includes a familiar set of actors and arguments. Advocates of unconventional oil and gas production contend that it has contributed to an economic renaissance for many subnational governments and has improved American energy security. Opponents suggest that unconventional production is an environmental and public health hazard. One way that states are trying to balance the economic benefits of continued energy production with environmental protection is through the use of information disclosure requirements. Prior work notes that the rigor of state disclosure standards relative to unconventional oil and gas production vary. Through measures of association and exact logistic regression, this project expands the disclosure literature by focusing on three types of disclosure: pre-drilling notification, chemical disclosure during operations, and trade secret exemptions. •Disclosure represents an alternative to traditional oil and gas regulation.•Disclosure policies present context-specific costs and benefits for states.•Higher socio-economic profiles contribute to less stringent pre-drilling policies.•Larger industry footprints contributes to more stringent chemical disclosure.
ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2018.12.032