Fracking: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 26th October 2018.

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Photo of Lee Rowley Lee Rowley Conservative, North East Derbyshire

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to Written Statement of 17 May 2018 on Energy Policy, HCWS690, what (a) methodology and (b) data were used by his Department for the statement that shale gas companies could make set payments to communities with shale developments for up to £10m.

Photo of Claire Perry Claire Perry The Minister of State, Department for Business, Energy and Industrial Strategy, Minister of State (Business, Energy and Industrial Strategy) (Energy and Clean Growth)

The figure quoted is an industry estimate that has been modelled on scenarios in the Institute of Directors’ report entitled ‘Getting shale gas working’.

The shale gas industry has made a commitment through its Community Engagement Charter[1], to provide benefits to local communities at locations where hydraulic fracturing takes place.

[1] http://www.ukoog.org.uk/community/charter

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