To Frack or not to Frack by Angela Caldin

Giddy Gideon backs Fracking I heard George Osborne’s honeyed tones on the news this weekend announcing big tax breaks for the fracking industry with the aim of kicking off a shale gas revolution in the UK.  The Treasury has set a 30% tax rate for onshore shale gas production. That compares with a top rate of 62% on new North Sea oil operations and up to 81% for older offshore fields. Some say this is needed to improve Britain’s energy security but others say it will greatly increase carbon emissions. A day… Read More