Fatih Birol, executive director of the IEA, told CNBC that a ban on fracking would have 'major implications' for the U.S. energy industry.
Mary Catherine Wellons | CNBC
Fatih Birol, executive director of the IEA, told CNBC that a ban on fracking would have "major implications" for the U.S. energy industry. "Just banning this would not be good news, not only for Americans but for Europeans," Birol told CNBC's "Squawk Box Europe" during the World Energy Conference on Monday.
Democratic presidential contenders Elizabeth Warren and Kamala Harris have both advocated plans to ban the fossil fuel extraction process that has catapulted the U.S. to becoming the world's largest producer of oil.
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