Britain Set to Ban Fracking
On Wednesday Vermont became the first U.S. state to ban fracking. Today we learn via the London Independent that Britain doesn’t think fracking is worth the potentially dangerous ramifications:
Government Backtracks on Fracking
The Government has rejected shale gas technology as a solution to Britain’s energy crisis, conceding it will do little to cut bills or keep the lights on.
Supporters of the fracking technology – which blasts water, sand and chemicals at extreme pressures to release gas trapped deep in rock – argue it could be the single greatest factor in transforming Britain’s energy market, reducing our reliance on foreign imports and dramatically reducing costs.
But The Independent on Sunday has learned that industry experts made clear at a meeting attended by senior ministers, including David Cameron and Ed Davey, the Lib Dem energy secretary, that the UK’s reserves were smaller than first thought and could be uneconomical to extract.
Now senior coalition figures have agreed that shale gas has the potential to be deeply controversial without securing major benefits in lowering carbon emissions or reducing energy costs.
The revelation, ahead of the publication this week of major reforms of the energy market, will be welcomed by green campaigners who have been deeply opposed to clearing the way for a new generation of gas power plants, and voiced serious concerns about the environmental impact, including the potential for fracking to trigger earthquakes and contaminate water supplies.
Such good news.
Yes Virginia, there is
a Santa Claus hope.