Member Article

Shale gas fracking given the thumbs up

Fracking for shale gas has been given the go-ahead by the Energy and Climate Change Secretary today.

Ed Davey announced that exploratory hydraulic fracturing (or fracking as it is known), will resume subject to measures designed to mitigate the impact it has on the surrounding area.

A “fracking plan” must be submitted to the DECC showing how seismic risks will be addressed, and a traffic light system will dictate how the process is carried out in relation to conditions.

Mr Davey said: “Shale gas represents a promising new potential energy resource for the UK. It could contribute significantly to our energy security, reducing our reliance on imported gas, as we move to a low carbon economy.

“My decision is based on the evidence. It comes after detailed study of the latest scientific research available and advice from leading experts in the field.

“We are still in the very early stages of shale gas exploration in the UK and it is likely to develop slowly. It is essential that its development should not come at the expense of local communities or the environment. Fracking must be safe and the public must be confident that it is safe.”

Corin Taylor, Senior Economic Adviser at the Institute of Directors, said: “It is excellent news that shale exploration can now go ahead in the UK. Shale gas has great potential to create new engineering jobs, reduce our reliance on dirty fuels like coal and cut down on costly foreign imports.

“If we are even half as successful as the shale gas revolution in the US, then this will be a great boost to Britain. In America, energy prices have fallen so much that manufacturing is on the rise again with companies bringing production back from the Far East – we should seek a slice of that pie.”

Energy firm Caudrilla were halted from fracking in Lancashire following minor seismic tremors, and will now be able to move forward with their intent to test in the area.

A statement from the company said: “Today’s news is a turning point for the country’s energy future. Shale gas has the potential to create jobs, generate tax revenues, reduce our reliance on imported gas, and improve our balance of payments.”

This was posted in Bdaily's Members' News section by Tom Keighley .