Ohio OKs Fracking Bill Requiring More Insurance, Disclosures

Law360, New York (May 25, 2012, 8:20 PM EDT) -- The Ohio legislature gave final approval Thursday to legislation that calls for oil and gas companies to reveal chemicals used in hydraulic fracturing and requires horizontal well owners to obtain at least $5 million in insurance coverage.

S.B. 315, which is expected to be signed into law by Ohio Gov. John Kasich, a Republican, would mandate water testing within 1,500 feet of proposed horizontal wells. It also calls for the disclosure of chemicals used in fracking, but includes protections for trade secrets, which environmentalists have decried....
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