31 Dec '13, 11am

Who will pay the costs of the UK's fracking revolution? -- The Ecologist

Who will pay the costs of the UK's fracking revolution? -- The Ecologist

A proposal that fracking companies should be made to take out insurance bonds to cover the clean up of any pollution they cause has been over-ruled by the government. In December 2013 the government announced that shale gas exploration would resume across the UK - following its suspensioon after Cuadrilla's efforts in Lancashire triggered earthquakes that caused widespread public fears. It is worth remembering that, although a simple fracking process has been used for years by energy companies, the 'high volume hydraulic fracturing' now being used is far more dangerous and far-reaching in its effects. A key fact - not made public by Cuadrilla until some time afterwards - was that the earth tremors they had set off had deformed the one and only test well they had drilled. And who will pay the cost? One way or another, we will. Bribing communities We, via the Government - wh...

Full article: http://www.theecologist.org/blogs_and_comments/commentato...

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