Fracking could "potentially" be a "remarkable opportunity" for the UK to develop a new industry which would create jobs and deliver greater independence from the global energy market, a leading member of the House of Lords said.
Lord MacGregor, the chairman of the Lords Economic Affairs Committee said:
The Committee strongly supports the Government's decision to go 'all out for shale'.
But here in the UK we have not yet left the starting gate.
Developing a successful shale gas and oil industry in the UK must be an urgent national priority.
Potentially it's a remarkable opportunity for this country.
We're calling for streamlining not weakening the regulation and we believe the Government needs to get its act together faster and more comprehensively.
More top news
Five people have died on the M6 in Staffordshire after a crash involving a lorry and a car.
The company posted a 63.5% plunge in bottom line pre-tax profits to £176.4 million on a comparable 52-week basis.
Through the day, most of the cloud should break up to leave fine conditions for many with spells of sunshine.