Dow Issues Statement on President’s Executive Order

Posted by admin on April 13th, 2012

MIDLAND, Mich.–(BUSINESS WIRE)–The Dow Chemical Company (NYSE: DOW) issued a statement today
applauding President Obama’s Executive Order commissioning an
interagency working group to support the safe and responsible
development of the country’s vast shale gas resources.

“We are pleased with the signing of this Executive Order and consider it
a vital step toward ensuring that federal regulation of hydraulic
fracturing for shale gas is not overly burdensome and duplicative of
state efforts, and addresses real risks using sound scientific data”

“We are pleased with the signing of this Executive Order and consider it
a vital step toward ensuring that federal regulation of hydraulic
fracturing for shale gas is not overly burdensome and duplicative of
state efforts, and addresses real risks using sound scientific data,”
stated Andrew Liveris, chairman and CEO of The Dow Chemical Company.
“Smart policy paves the way for business planning, and today’s
announcement will help U.S. companies to responsibly capitalize on the
tremendous shale gas opportunity, which will lead to further investment
on our soil and thousands of job opportunities for Americans.”

The signing of this Executive Order follows a letter submitted in March
by the CEOs comprising the Business Roundtable that made recommendations
to the White House on several federal regulation fronts, including a
recommendation to name a point person in the administration to oversee
hydraulic fracturing regulation.

About The Dow Chemical Company

Dow (NYSE: DOW) combines the power of science and technology to
passionately innovate what is essential to human progress. The Company
connects chemistry and innovation with the principles of sustainability
to help address many of the world’s most challenging problems such as
the need for clean water, renewable energy generation and conservation,
and increasing agricultural productivity. Dow’s diversified
industry-leading portfolio of specialty chemical, advanced materials,
agrosciences and plastics businesses delivers a broad range of
technology-based products and solutions to customers in approximately
160 countries and in high growth sectors such as electronics, water,
energy, coatings and agriculture. In 2011, Dow had annual sales of $ 60
billion and employed approximately 52,000 people worldwide. The
Company’s more than 5,000 products are manufactured at 197 sites in 36
countries across the globe. References to “Dow” or the “Company” mean
The Dow Chemical Company and its consolidated subsidiaries unless
otherwise expressly noted. More information about Dow can be found at www.dow.com.