Shale Gas

Part of Energy and Climate Change – in the House of Commons at 9:30 am on 24th March 2016.

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Photo of Andrea Leadsom Andrea Leadsom The Minister of State, Department of Energy and Climate Change 9:30 am, 24th March 2016

My hon. Friend is right to point out that there are lots of benefits of shale gas. The first is energy security, as we could be importing about 75% of our gas by 2030. The second is jobs, as the industry could mean jobs and opportunities for the UK, with a report by Ernst & Young estimating that a thriving shale industry would create up to 64,000 jobs. The third is benefits to communities, as those hosting shale developments will see a direct share of the benefits through an industry-funded package, and the shale wealth fund will mean that up to 10% of the tax revenues from shale gas deliver investment directly to local communities.