All these rich people who say fracking is worthwhile or harmless (Rees Mogg) should be willing to have the test holes near their home. See if they are still keen.
>”We do have to be careful, if it does cause earthquakes, it’s not something we should do,” Mr O’Shea said.
If O’Shea wants an informed debate on the issue perhaps he should take the time to become informed. Otherwise it just looks likes he’s arguing in bad faith.
Their CEO was previously a chief financial officer for various companies, this is his first CEO role. He’ll be Lazer focused on shareholder return, even if that means millions of his customer go into fuel poverty and a few old people freeze. Gov should act by putting a profit cap on these companies above which the profit is used to drive down prices. That would drive away short to medium term investors, from which the company could recover.
Fracking has been explored. It turns out it isn’t very good. It leads to a significant waste of resource you’re trying to collect, it leads to significant local pollution and poisoning, it causes earthquakes, it just isn’t very cost effective unless you can get it subsidised or sell what you collect for inflated prices which would mean it doesn’t help the current market and means it is useless to the British public.
The damage to the environment and to humans living nearby is already known. The efficiency of the process is already known. There’s nothing to explore.
Earthquakes are not an acceptable consequence of making something “worth exploring”.
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All these rich people who say fracking is worthwhile or harmless (Rees Mogg) should be willing to have the test holes near their home. See if they are still keen.
>”We do have to be careful, if it does cause earthquakes, it’s not something we should do,” Mr O’Shea said.
We [know](https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/48330/5055-preese-hall-shale-gas-fracturing-review-and-recomm.pdf) it causes earthquakes that’s not in doubt. The questions are now about mitigation, predictability and magnitude not whether there is a causal relationship.
If O’Shea wants an informed debate on the issue perhaps he should take the time to become informed. Otherwise it just looks likes he’s arguing in bad faith.
Their CEO was previously a chief financial officer for various companies, this is his first CEO role. He’ll be Lazer focused on shareholder return, even if that means millions of his customer go into fuel poverty and a few old people freeze. Gov should act by putting a profit cap on these companies above which the profit is used to drive down prices. That would drive away short to medium term investors, from which the company could recover.
Fracking has been explored. It turns out it isn’t very good. It leads to a significant waste of resource you’re trying to collect, it leads to significant local pollution and poisoning, it causes earthquakes, it just isn’t very cost effective unless you can get it subsidised or sell what you collect for inflated prices which would mean it doesn’t help the current market and means it is useless to the British public.
The damage to the environment and to humans living nearby is already known. The efficiency of the process is already known. There’s nothing to explore.
Earthquakes are not an acceptable consequence of making something “worth exploring”.