Commentary: Fossil fuel industry should be wary about Obama's shale proposal

In his State of the Union address, President Barack Obama proposed creating "Sustainable Shale Gas Growth Zones" to promote the responsible development of shale resources, but this proposal could come at a cost for the oil and natural gas industry, writes E. Donald Elliott, former general counsel of the Environmental Protection Agency. "It strongly suggests that the administration has in mind cross-subsidies from shale gas to renewables," which would ask oil and gas companies to fund renewable energy development in exchange for federal rewards, he writes.

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