'Fracking Could Boost Economy' - David Cameron

Prime Minister David Cameron has said that shale gas extraction through fracking could boost the UK economy and encourage the return of businesses.

Speaking at the World Economic Forum in Switzerland, David Cameron said that fracking could be a "fresh driver" of UK growth, highlighting that it is already "flooring" energy prices in the US.

Hydraulic fracturing, commonly referred to as fracking, involves deep underground drilling to release a high-pressure mix of water, sand and chemicals to crack rocks and release gas stored inside.

According to the British Geological Survey, it is estimated that there could be some 1,300 trillion cubic feet of shale gas in the north of England.

The Prime Minister claims that this gas could give the UK a large economic boost along with ensuring the supply of cheaper, more secure energy.


Related UK National News Stories
Click here for the latest headlines.

26 August 2014
200 Homes Still Without Gas After Water Leak
Around 200 homes in Wales are still without gas after a burst water pipe flooded gas lines last Thursday. Wales and West Utilities have said that some 150,000 litres of water has been pumped from gas pipes since last Thursday, with 540 of the 755 homes affected by the leak, now reconnected.
31 July 2008
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
13 December 2012
UK Fracking Given Green Light
Fracking has been given the go-ahead by the UK government, despite the controversy surrounding the technique. Fracking involves pumping a mixture of water, sand and chemicals into a well to force the gas from rock. The Energy Secretary Ed Davey said it was a potential new energy resource for the UK.
08 October 2010
Illegal Gas Fitter Sentenced
A man who falsely claimed to be a registered gas engineer has been sentenced for illegally installing gas appliances at addresses in York. Bennett Morley of Cherry Paddock, Haxby, York, was prosecuted by The Health and Safety Executive (HSE) for five offences under Gas Safety legislation after complaints by householders.
18 June 2012
Protest Group Blockade Derbyshire Drilling Rig
Protesters are blockading a drilling rig in Derbyshire in opposition to the controversial fracking method of natural gas extraction. The 20-strong group, Frack Off, says it wants to prevent the rig moving from storage to a frack site in Lancashire.