Cameron backs fracking
The Prime Minister today gave his backing to fracking. In a tweet he set out why he thinks the search for oil and gas via the controversial process will benefit Britain.
The Prime Minister today gave his backing to fracking. In a tweet he set out why he thinks the search for oil and gas via the controversial process will benefit Britain.
In an effort to persuade communities of the benefits of fracking, the process of extracting gas by the hydraulic fracturing of rock using high pressure liquid, firms will offer £100,000 of benefits for each exploratory well.
Mr Cameron said:
"Companies have agreed to pay £100,000 to every community situated near an exploratory well... If shale gas is then extracted, 1% - perhaps as much as £10 million - will go straight back to residents."
He also claimed a thriving shale-gas industry could create tens of thousands of jobs.
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