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Frack on

UK fracking revolution calls for national thinking

Andy Critchlow 

Andy Critchlow British Prime Minister Theresa May probably has the right idea trying to encourage a shale gas fracking industry. But, she may have the wrong strategy to implement it. Instead of doling out handouts to persuade disgruntled communities there is a tangible benefit to having a gas well in their back yard, or even generous tax breaks for investors, a better policy could be to cut out the middle man and create a national energy titan to drill the first holes and share the profits. North Sea oil in the 1970s came with similar issues to shale. Keen to secure a home-made energy supply, Britain and ...

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First Published: Fri, August 12 2016. 21:24 IST