U.S. sets first major fracking rules on federal lands

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By Valerie Volcovici WASHINGTON (Reuters) - The Obama administration's new rules governing fracking on federal lands drew swift criticism from all sides on Friday, with green groups calling the measures "toothless" and the energy industry slamming "unnecessary" regulation of a drilling process that has brought the United States to the cusp of oil and gas self-sufficiency. Hydraulic fracturing, or fracking, is a controversial technique that involves pumping water, sand and chemicals into a well to extract oil or gas. The new federal rules include beefed-up measures to protect ground water, one of the main health and safety concerns arising from the drilling process. Within minutes of the Bureau of Land Management (BLM) proposal being released, the Independent Petroleum Association of America (IPAA) and Western Energy Alliance filed a lawsuit in a federal court in Wyoming on grounds that the rulemaking was based on "unsubstantiated concerns" over safety.

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