Shawcity Limited

Health, safety and environmental risks of shale gas extraction is given the all clear by the UK government in the Autumn 2012 Statement

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Courtesy of Shawcity Limited

December 2012 saw the final ruling and approval of the fracking industry within George Osborne's Autumn Statement 2012.

The released news now means that the temporary ban on fracking has been lifted. Fracking work carried out by UK companies with a license can now continue as planned. It is the company's responsibility to monitor the effects of the fracking process that is being carried out as well as various UK agencies who are assigned with the task of regulating shale gas extraction.

The statement outlined plans to allow for new gas-fired power stations to be built across the UK, a consultation on tax break for shale gas operators and the establishment of a new 'office for fracking' as part of the Gas generation strategy.

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