Tax breaks for fracking
Tax breaks and fast-tracked permits for controversial shale gas exploration are likely to form part of the multi-billion pound infrastructure package aimed at kick-starting sluggish economic growth
DECC: Not all of shale gas can be extracted
The Department of Energy and Climate Change (DECC) has announced that there is potentially 40 trillion cubic metres (1,300 trillion cubic feet) of shale gas in the Bowland Basin in the North of England.
The study was commissioned from the British Geological Survey on an area covering 11 counties.
DECC advised that not all of this could be extracted, but said the report "will give industry and regulators an indication of how best to plan future exploratory drilling".
The government is announcing a package of reforms toenable shale gas exploration today.
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