A political battle is brewing over Britain’s energy treasure. Reform UK is aggressively championing fracking. Consequently, they are telling energy firms to prepare. The party believes huge shale gas reserves exist underground. Moreover, they call current policy “criminally negligent.” Therefore, they promise to lift the ban if elected.
However, the history of UK fracking is problematic. Indeed, multiple prime ministers have instituted bans. Previously, operations caused earthquakes and protests. Consequently, the practice is deeply unpopular locally. Furthermore, the geology is complex and costly. Former Energy Minister Charles Hendry is now skeptical. He says ambition quickly collides with reality. Additionally, he predicts even Reform voters will oppose it.
Nevertheless, Reform UK remains undeterred. Deputy leader Richard Tice is leading the charge. He promises to immediately lift the fracking ban. Subsequently, his party would permit test wells. These wells would be independently monitored. Tice claims results would come within two years. Importantly, no public money would be spent. Instead, government would only change regulations.
The British Geological Survey identified potential reserves. These are primarily in Lancashire and the Midlands. However, their report urged caution and further testing. Regardless, energy firms are listening. For example, Egdon Resources met with Reform officials. They cite a private Deloitte report promising huge economic benefits. Another company, Star Energy, also expressed interest. They support all domestic energy sources.
Conversely, significant obstacles remain. The current Labour government strongly opposes fracking. Energy Minister Miatta Fahnbulleh confirmed a permanent ban. She is focusing on a clean power transition by 2030. Furthermore, Professor Michael Bradshaw highlights economic flaws. He says UK shale gas may be too expensive. It cannot compete with cheaper imported gas. Therefore, it would not lower energy bills soon.
Ultimately, the debate centers on Britain’s energy treasure. Reform UK sees it as a vital national resource. Opponents see an expensive, dirty, and unpopular distraction. The world is increasingly moving toward renewables. A future Reform government might find itself isolated. The fight over Britain’s energy treasure is just beginning.
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