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…

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