UK rejects case for relaxation of fracking regulations: FT

Source: Reuters

BUSINESS NEWS JANUARY 13, 2019 / 4:45 PM / UPDATED 23 MINUTES AGO

UK rejects case for relaxation of fracking regulations: FT

(Reuters) - Britain has rejected the case for a relaxation of fracking regulations despite warnings that the current system is “strangling” the industry, the Financial Times reported on Sunday.

Fracking, or hydraulic fracturing, involves the extraction of gas from rocks by breaking them up with water and chemicals at high pressure. The process is fiercely opposed by environmentalists who argue, among other things, that extraction of more fossil fuel is at odds with Britain’s commitment to reduce greenhouse gas emissions.

Energy Minister Claire Perry has dismissed pleas by shale gas developer Cuadrilla for rules to be loosened, the FT said, citing a letter from Perry to the company’s chief executive.

Cuadrilla, which hopes to become the first in Britain to start commercial fracking for gas, has been forced to pause operations at its site near the coastal town of Blackpool in northwest England over the past three months after its tests triggered tremors exceeding 0.5 magnitude.

Britain’s traffic-light regulation system calls for immediate suspension of work if seismic activity of magnitude 0.5 or above is detected.

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Read more: https://www.reuters.com/article/us-britain-fracking/uk-rejects-case-for-relaxation-of-fracking-regulations-ft-idUSKCN1P70T6