Bloomberg Backs ‘Responsible’ Extraction of Gas and Pays to Help Set Up Rules

After giving away a chunk of his personal fortune to the cause of eliminating coal-fired power plants, Mayor Michael R. Bloomberg is opening his checkbook in support of “responsible” extraction of natural gas by hydraulic fracturing.

In an op-ed article in The Washington Post on Friday, the mayor came out strongly in favor of natural gas extraction through the controversial drilling process, known as fracking, as a way to lower utility bills, spur economic growth and reduce the nation’s dependence on coal. But the mayor said the drilling should take place under “common sense” regulations, to minimize environmental harm. 

Read the entire article at NYTimes.com