Will the U.K. follow the U.S. on a fracking binge?
British Prime Minister David Cameron seems desperate to mimic America’s natural-gas boom. He’s practically bribing local officials, saying they can keep tax revenue raised from frackers, and he’s come out in favor of “cash payments” to homeowners who would be affected by fracking operations.
“We’re going all out for shale,” Cameron said. “It will mean more jobs and opportunities for people, and economic security for our country.”
The BBC reports:
After visiting two shale drilling sites on Monday, the prime minister said English local authorities would receive all the business rates collected from shale gas schemes — rather than the usual 50%.
The industry has already pledged to give communities that host shale gas sites £100,000 per site in “community benefits”, and up to 1% of all revenues from production. …
The Green Party has accused Mr Cameron of “flinging bribes” at developers, councils and residents in an effort to overcome widespread public resistance to fracking and the practical obstacles involved.
Cameron’s comments came on the same day that French energy company Total announced investments in fracking in the U.K. “The $48 million play is tiny by industry standards,” Al Jazeera America reports, “but many see it as the first sign that Prime Minister David Cameron’s push to allow the controversial practice has paid off, despite protests from environmentalists.”
But greens aren’t the only ones skeptical of his plans. “America’s shale gas revolution, which was over 25 years in the making, occurred in a context that would be very difficult to replicate in today’s Britain,” writes Paul Stevens in The New York Times. And Bloomberg reports, “Developers have yet to produce a single drop of commercial energy from hydraulic fracturing in the U.K., largely because of legal challenges supported by environmental groups. And that doesn’t appear likely to change, at least not soon.”
The latest news, from The Guardian, is that government officials have collaborated privately with shale-gas execs in an effort to tamp down public opposition to fracking.
Cameron backs cash compensation for fracking disturbance, BBC.
Fracking opponents are being irrational, says David Cameron, The Guardian.
UK environmentalists brace for flood of fracking, Al Jazeera.
Why Shale Gas Won't Conquer Britain, The New York Times.
Is England on the Brink of a U.S.-Style Fracking Boom? Don't Bet on Shale Just Yet, Bloomberg Businessweek.
Emails reveal UK helped shale gas industry manage fracking opposition, The Guardian.
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