Fracking industry in the UK may soon have tighter regulations

Not everyone in the UK believes that hydraulic fracturing is safe. According to the Labour party, fracking rules in regard to drilling for natural gas are not strict enough and the party intends to try to make these regulations stronger by formally presenting a series of amendments to the infrastructure bill. Public concern about drilling for shale gas has lead to several protests. There are adequate safeguards in place for fracking for shale gas that meet voluntary agreements or current rules, according to the Department of Energy and Climate Change…

Read More

Fracking could create thousands of jobs in the UK

Hydraulic fracturing of shale gas reserves could lead to billions of investments in the UK. An Ernst & Young study that was commissioned by the United Kingdom Onshore Operators Group (UKOOG), which represents Britain’s onshore gas and oil industry, estimates that the extraction of shale gas via fracking in the UK could lead to the creation of 64,000 jobs and £33 billion (roughly $55 billion) worth of investments. Shale gas resources are believed to be abundant in the United Kingdom. It is estimated that in northern UK, there is approximately…

Read More