Plans to frack in Yorkshire have been met with backlash - but Charles McAllister says that fracking would be a good thing for the county
Shale gas development has the potential to drive billions in investment into the North of England, creating tens of thousands of well-paid and skilled jobs, as well as billions in tax revenue for decades.Shale gas companies have also committed to sharing the revenue from production sites with local people. To put this in context, a single shale gas pad could deliver up to £400m in community benefits based on current gas prices.
Polling showed that most people in the North of England would back fracking in their local area if they received 25 per cent off their annual energy bill, which the community benefits offer can deliver. It should also be noted that £100,000 goes to the local community for each exploration site.
It is also important that we recognise that the impacts of fracking have been massively exaggerated by extremists who have been naïve about geopolitical realities, too inflexible, too dogmatic, and too hasty. Their actions have influenced previous Government policy despite the ‘dangers’ they present having no basis in fact or reality., in which the largest event was 1.5 on the Richter scale, the equivalent of dropping a honeydew melon in your kitchen.
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