It was also worried that a rush to
exploit shale gas could divert effort away from developing a long - term sustainable low carbon economy.
Instead, it proposed «minimum principles» — nonbinding environmental guidelines for member states that want to explore and
exploit shale gas reserves using hydraulic fracking methods.
But George Osborne may see it as the ideal opportunity to advance his «dash for gas», which defies most expert opinion with its punt that the UK can repeat the US's experience and
exploit shale gas reserves to secure lower energy prices.
Not exact matches
The U.S. is awash in natural
gas from newly
exploited shale deposits, but New Englanders paid record prices for
gas this past winter because of inadequate pipeline capacity.
This has happened in part because much of the Northeast relies on readily available hydropower from Canada and rapidly expanding natural -
gas - fired electricity generation made possible by cheap natural
gas from newly
exploited shale deposits in Pennsylvania.
China, too, has decided to tap into the
shale revolution — in a deal with the U.S. announced this week, it will be
exploiting what some estimate to be the world's biggest
shale gas reserves, equivalent in energy content to about half the oil in Saudi Arabia.
They argue that
shale gas, accessible through cost - effective methods like hydraulic fracturing, are sufficiently plentiful and cheap that most renewable energy sources will not be able to compete for decades, and that we should instead focus our national energy priorities on
exploiting our newfound domestic
shale gas reserves.61
But the coalition's commitment to green policies has recently been questioned, amid scepticism among Tory backbenchers about the benefits of wind power, and the chancellor's enthusiasm for
exploiting Britain's
shale gas reserves.
The mining industry has discovered that there are huge reserves of coal - seam
gas and oil -
shale that can be profitably
exploited.
North American experience shows unconventional
gas — notably
shale gas — can be
exploited economically.
Meanwhile, numerous industry efforts are underway to further
exploit stressed public lands and perpetuate fossil - fuel dependence through the extraction of coal, oil and
gas, oil
shale and tar sands, and liquefied natural
gas development — as well as uranium mining and milling and the construction of energy corridors and long - distance electric transmission lines.
If there are large quantities of
shale gas in China, you can bet your buns that China will figure out how to
exploit this (and put in the necessary infrastructure to make that possible).