UK lifts ban on fracking...and mark your calendar, get out the popcorn
Submitted by admin on Wed, 12/19/2012 - 20:54
At CNN. Last week,
Britain's government lifted its ban on a controversial mining process known as hydraulic fracturing, or fracking, Thursday, allowing companies to continue their exploration of shale gas reserves...
...The new controls imposed by the UK Department of Energy and Climate Change include a requirement to carry out a seismic survey before work starts.
Firms involved must also draw up a plan showing how the seismic risks will be limited, and monitor seismic activity before, during and after the exploration.
Cuadrilla Resources said Thursday's decision to allow fracking to resume marked a significant step for Britain's future onshore gas industry.
"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," chief executive Francis Egan said in a statement.
In an interview with CNN, Egan insisted that fracking could be done "safely and sensibly" in Britain and that there are huge reserves to be exploited.
The company believes there is about 200 trillion cubic feet of gas under the ground just within its license area in Lancashire. To put that figure into context, the United Kingdom uses about 3 trillion cubic feet of gas a year, Egan said...
Interestingly, Newsbusters just reported this:
Less than a week after Great Britain lifted its ban on hydraulic fracturing, there is more news that will make fracking opponents unhappy. AXS television, formerly HDNet, has agreed to air the film “FrackNation” next month.“FrackNation,” a film by investigative journalist Phelim McAleer, will be broadcast on Jan. 22, 2012 at 9 p.m. ET according to The Hollywood Reporter. AXS TV is a cable network owned by Mark Cuban, Ryan Seacrest and entertainment companies AEG and CAA.In a press release, McAleer said of the film, “FrackNation has been described as the first 'pro-fracking film.' I would describe it as pro-journalism and pro-truth. It asks hard questions of the environmental movement and its campaigns. And they seem to not like difficult questions”...