Theresa May has confirmed the government will set out further proposals to support fracking, insisting it is good for the UK.
The Prime Minister made an impassioned case for the controversial technique for shale gas extraction during Prime Minister’s Questions today.
When asked by the Scottish National Party’s Tommy Sheppard MP why she wouldn’t follow Scotland’s lead, Mrs May said: “I think shale gas does have the potential to power economic growth in this country. I think it will support thousands of jobs in the oil and gas industries and in other sectors and it will provide a new domestic energy source.
“We have more than 50 years of drilling experience in the UK and one of the best records in the world for economic development while protecting our environment… This is an important potential new source of energy and I think it’s right that we ensure that we use this and take the benefits of it for our economy, jobs and for people’s futures.”
She added the Shale Wealth Fund will provide up to £1 billion of additional resources to local communities and councils will be able to retain 100% of the business rates they collect from shale gas developments.