Re: Fracking 'years behind schedule' despite £32m cost
Is the future of fracking now in doubt?In 2013, there were heady promises that gas extracted from fracturing shale rock with water under high pressure could revolutionise the UK energy industry.The NAO report is a hammer blow to those aspirations.
A technology that had changed the US energy industry and geopolitics with it could provide a bonanza of benefits to the UK.
As the gas from the North Sea dwindled, fracking would step in to make the UK less reliant on foreign imports that make up 60% of our gas supply.
This home grown resource would see prices fall and security of supply rise. It would provide tens of billions of new investment and tens of thousand of jobs in areas that desperately needed it and all this could be done safely and environmentally responsibly.
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