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Cameron backs fracking

The Prime Minister today gave his backing to fracking. In a tweet he set out why he thinks the search for oil and gas via the controversial process will benefit Britain.

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£100,000 incentive to fracking communities

In an effort to persuade communities of the benefits of fracking, the process of extracting gas by the hydraulic fracturing of rock using high pressure liquid, firms will offer £100,000 of benefits for each exploratory well.

Mr Cameron said:

"Companies have agreed to pay £100,000 to every community situated near an exploratory well... If shale gas is then extracted, 1% - perhaps as much as £10 million - will go straight back to residents."

– David Cameron MP, Prime Minister

He also claimed a thriving shale-gas industry could create tens of thousands of jobs.

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