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UK to accept bids for oil and gas exploration after fracking caused earthquakes

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UK to allow frackingThe British government said Monday that energy companies will be able to bid for licenses to explore onshore oil and gas, a move aimed at speeding up shale exploration.

The move comes three years after the shale drilling process caused seismic tremors, which led the government to suspend operations.

Business and Energy Minister Matthew Hancock said shale gas has the potential to increase the country's energy supply but stressed national parks will be protected.

"Done right, speeding up shale will mean more jobs and opportunities for people and help ensure long-term economic and energy security for our country," he said.

Oil and gas exploration companies must also obtain planning permission, environmental permits and health and safety approvals before they can receive final go-ahead to drill in Britain.

TVNL Comment:  There is NO 'done right' method of extraction.  None. Nada. The UK is selling out.  What else is new?

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