Thursday, December 13, 2012

U.K. Lifts Fracking Ban

The British government reportedly has approved the resumption of hydraulic fracturing in the country after implementing new controls to address seismic activity risks. The government halted fracking in May 2011 after concluding that two minor earth tremors were related to shale gas drilling activity in the northwestern part of England. The government has also commissioned a new study to evaluate how shale gas development may affect greenhouse gas emissions and climate change. The study would review data on the lifecycle of greenhouse gas emissions from shale and the need for further research, according to government officials.  New official estimates of the UK's shale gas reserves are expected to be published in 2013, but initial reports say the county could have up to 200 Tcf of shale gas in the Lancashire area of England alone.  Read more

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