Fracking facility near Blackpool
It is true that Liz Truss’s government is reopening the possibility of shale mining for gas. Opponents of the technology exaggerate the risks.
NYes, there won’t be a gas boom in Great Britain anytime soon. Even if the Lis Truss government now paves the way for new licences, investors will be reluctant. Uncertainties and local resistance are too high.
Geological conditions in the Bowland Formation in northern England are more challenging, with shale rock being more difficult to fracture than classic, less populated areas in the US and Canada; The risk of minor earthquakes is high. But opponents exaggerate.
The test site near Preston experienced only minor earthquakes. Given the energy crisis and the sharp rise in gas prices, which are likely to become more expensive in the coming years, it is wise for the government to at least keep the fracking option open.
Firms signing contracts with local communities for a financial contribution to profits can be dubious even in the structurally weak north of England.
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