Lords question economics of shale
23 Jul 2013
The House of Lords has issued a call for evidence on the economic impact of shale gas development in the UK.
An inquiry called The Economic Impact on UK Energy Policy of Shale Gas and Oil was today launched by the Lords’ Economic Affairs Committee, seeking evidence from industry.
The call for evidence itself states that the inquiry will avoid questions over climate change and instead focus on the scale and commercial feasibility of developing the UK’s shale gas resources.
It sets out 13 questions (see below) regading the economics surrounding shale gas development and requests submissions of evidence by 30th September.
The questions on the call for evidence include:
· How much scope is there for shale gas and oil to be used in the UK? Over what timeframe?
· How will the costs, including those on the environment, of accessing the UK’s shale gas and oil compare to those of other energy sources?
· What effect will the use of shale gas and oil have on carbon emissions compared to other combinations of energy sources?
· Will shale gas and oil increase UK energy security?
· What lessons can be learnt from the US experience of shale gas and oil?
