NC senators file fracking, Atlantic drilling bill
NC senators file fracking, Atlantic drilling billRALEIGH (AP) — Permits for companies to carry out a form of underground natural gas exploration in North Carolina could begin in March 2015, under a bill offered by Senate Republicans.
The measure filed Monday would authorize regulators to issue horizontal drilling and fracking licenses five months after a regulatory panel is supposed to finish work on rules for those activities. The Legislature authorized fracking in 2012 but said permits couldn’t be issued without the express consent of legislators.
Senators also want shale gas taxes increasing annually to encourage early exploration.