Shale Gas and Oil (EAC Report) — Motion to Take Note

Part of the debate – in the House of Lords at 6:32 pm on 4th November 2014.

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Photo of Lord Lawson of Blaby Lord Lawson of Blaby Conservative 6:32 pm, 4th November 2014

My noble friend referred to the effects on the areas where this is taking place. I am sure that he will agree that in the United States some of the most impoverished parts there have, as a result of the development of shale gas, been enormously enriched. In the case of England it is fortunate that the big deposits of gas are in the north, and everyone agrees that it would be great if we could strengthen the economy there. There is a huge plus for areas where this takes place, which is very important.