Yet another dash to frack…

Hard on the heels of the UKOOG report published last week, the Lords Economic Affairs Committee (here) today also calls for the UK to speed up the exploitation of its shale gas reserves, again highlighting the potential benefits to the economy and down-playing the risk of harm to the environment. Much less emphasis is being placed on the need to ensure the safety of the process and very little is being placed on the down-side of diverting attention from the need to develop a safe, cost-effective renewable energy regime which will help break us from our addiction to fossil fuels.

It’s ironic that on the very same day Lloyds of London have published a report which highlights the increasing costs to the insurance industry of more frequent severe weather events such as storms and flooding – it seems clear that increasing our reliance on fossil fuels will have economic consequences that are by no means wholly positive.
(Image from Wikipedia)

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