UK financial chief backs shale gas and renewables in speech

UK Chancellor of the Exchequer George Osborne announced investment in both renewable energy and new shale gas projects, linking the power sources to his commitment to an enterprise strategy.
George Osborne
During his speech Mr Osborne mentioned "investing in renewable energy and opening up the shale gas reserves underneath our land", before emphasizing once again a preference for gas as a key component for Britain’s energy future.

The chancellor said that a "generous new tax regime for shale gas in the UK", designed to ensure the UK can match falling gas prices in the US.

For more gas power news

     

 

Share
     


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...