Bloomberg Philanthropies Grant Awarded to Environmental Defense Fund
By MikeBloomberg.com - AUG. 27, 2012
The Environmental Defense Fund has been awarded a 3-year, $6 million grant from Bloomberg Philanthropies for its work to minimize the impacts of natural gas production through hydraulic fracturing. The funding will support the organization’s strategy of securing strong rules and developing industry best practices in states with intense natural gas production.
"Here’s the truth on natural gas. The environmentalists who oppose all fracking are wrong, and the drillers who claim that regulation will kill the industry are wrong. What we need to do is make sure that the gas is extracted carefully and in the right places, and that has to be done through strong, responsible regulation. And that’s what our work with EDF is all about," said Michael R. Bloomberg, philanthropist and Mayor of New York City.
EDF will be working in states most impacted by shale gas production and focus on encouraging better state regulation of fracking.
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