- 5 updates
The Cheshire-based water company United Utilities has confirmed its considering leasing some of its land to Cuadrilla for fracking. The company say they're in talks to identify suitable sites. Fracking uses water to release gas. Opponents say it can damage the environment.
Business Secretary Vince Cable said it was "reasonable" to offer tax breaks for controversial fracking in a bid to to encourage exploration of an unconventional energy resource in the UK.
There's been an angry response from environmentalists over government plans to give tax breaks to fracking companies. The process uses liquid to fracture rock and release gas. Chancellor George Osborne says communities where fracking happens will receive £100,000 and a share of profits.
George Osborne has unveiled tax breaks for controversial fracking in a bid to create the "most generous" regime for shale gas in the world. It will reduce the tax on the income from shale production from 62% to 30%. The process uses high pressure liquid to fracture rock and release the gas.
MPs are meeting to discuss proposals to extract shale gas from sites across the region. Fracking uses high powered jets of water to release underground gas reserves. Supporters say it could bring cheaper bills and thousands of jobs, but opponents say its still unclear how much damage it could cause.