New report warns fracking may be as hazardous as asbestos

Hydraulic fracturing could have delayed adverse affects on society. Fracking continues to become more controversial around the world and it is not only environmentalists who are worried about the negative effects this oil and gas extraction process will have on people and the environment, because according to a recent report from the UK government’s Chief Scientific Advisor, Mark Walport, hydraulic fracturing carries potential risks that could be as damaging as tobacco, thalidomide and asbestos. Technological advances and innovation need to be assessed fully before they are approved. Fracking for shale…

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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…

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