Parliament has rejected an amendment to the Infrastructure Bill that would have introduced a moratorium on the exploration and development of gas from shale in Britain. In doing so, IGas believe parliament has recognised that domestic gas will form a key part of Britain's energy mix for years to come. The Bill now gives clarity with respect to land access rights and trespass, and reinforces in law existing industry best practice.
In rejecting calls for a moratorium, IGas believe Parliament has recognised the depth and quality of regulation that is already in place for the exploration and development of oil and gas resources onshore. IGas have stated that both regulators and industry have over many years worked to ensure that any risks or environmental impacts are minimal and that operators fully engage with the communities in which they operate.
IGas CEO, Andrew Austin, said:
"This is a milestone for the industry as there is now clarity and certainty in terms of regulation which enables both new and existing players to invest in shale and Britain's energy future with confidence."
Adapted from press release by Joe Green