• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 54 mins One Last Warning For The U.S. Shale Patch
  • 5 hours Once Upon A Time... North Korea Abruptly Withdraws Staff From Liaison Office
  • 5 hours Chile Tests Floating Solar Farm
  • 4 hours Oil Slips Further From 2019 Highs On Trade Worries
  • 12 hours Poll: Will Renewables Save the World?
  • 10 hours Modular Nuclear Reactors
  • 21 hours China's E-Buses Killing Diesel Demand
  • 21 hours Trump sells out his base to please Wallstreet and Oil industry
  • 17 hours China's Expansion: Italy Leads Europe Into China’s Embrace
  • 1 day Russian Effect: U.S. May Soon Pause Preparations For Delivering F-35s To Turkey
  • 1 day Read: OPEC THREATENED TO KILL US SHALE
  • 1 day Trump Tariffs On China Working
  • 1 day Biomass, Ethanol No Longer Green
  • 9 hours US-backed coup in Venezuela not so smooth
U.S. On The Hunt For Iranian “Ghost Tankers”

U.S. On The Hunt For Iranian “Ghost Tankers”

The United States has started…

Israel And Egypt Compete To Become New Energy Hub

Israel And Egypt Compete To Become New Energy Hub

With the recent giant discoveries…

UK’s Labour Party Vows To Ban Fracking If Elected

UK parliament

The UK’s opposition Labour Party will ban fracking ‘outright’ if it wins the next general elections, shadow international trade secretary Barry Gardiner said at the Labour conference on Monday.

“Fracking locks us into an energy infrastructure that is based on fossil fuels long after our country needs to have moved to renewables,” Gardiner said.

The Labour Party will be working for the UK’s low-carbon future and will support clean energy, Gardiner said, commenting on what his party would do if it comes to power.

The UK is not scheduled to hold a general election until 2020, but the country’s vote to leave the EU may lead to early elections between now and 2020.

The Labour Party’s firm opposition to fracking is in contrast with the ruling Conservative Party’s agenda. In August, Prime Minister Theresa May announced a plan to pay more shale gas proceeds to residents than originally planned. Under the new plan, the Prime Minister believes that options to share proceeds of shale should include money directly to residents, compared to previous proposals, which included money for community trusts or councils only.

Consultations on the Shale Wealth Fund proposals are open for the UK public until October 26, 2016.

Environmental activists, the Green Party, the Labour Party, and Gardiner himself have criticized the prime minister’s proposal, saying that it’s an attempt at bribing the public into accepting a shale and fossil-fuel future.

According to the UK government’s latest attitude poll from end-July 2016, the residents against fracking were 31 percent, while supporters were 21 percent. A large 48-percent share of people neither supported nor opposed fracking, primarily due to lack of knowledge.

Another much commented and criticized option for the UK’s energy future, the Hinkley Point C nuclear power plant, received prime minister May’s go-ahead just a couple of weeks ago.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News