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World

UK gives fracking site go-ahead

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Opening sequence

World

UK gives fracking site go-ahead

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COMING UP:UK gives fracking site go-ahead

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00:00:00
>> Fracking has been given the green light by the British government. The landmark ruling approving the UKs second ever shale gas permit, clearing the way for horizontal fracking at a site in northwest England. Reuter's energy correspondent Karolin Schaps says it's been a long time coming.>> It's been a lot of, very very slow progress on the planning side
00:00:24
>> A lot of applications took a very long time to be deliberated on. So the industry very much welcomed today's sort of landmark decision really by the government to take these decisions into its own hands.>> Site in question, could drillers press a new road facility. The company's CEO says drilling could begin in 2017.
00:00:46
The government intervention overturns a decision by Lancashire County Council. They sought to prevent fracking on noise and traffic grounds. And Thursday's decision could be a turning point in the UK shale gas expiration.>> I wouldn't necessarily say it opens the floodgates, but definitely it sets a precedent for other permits, other potential applicants that the government has those new powers, that it can sort of fast track in a way these applications and make decisions a bit more quickly than before if they were successful at the local level.
00:01:20
>> This might not be the dawn of a shale gas revolution similar to the type seen in the US. Nonetheless the UK is thought to have substantial deposits trapped in underground rocks. This rulings sets Britain up as Europe's most promising exploration ground.