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UK's Cameron to EU: Don't stifle fracking with new laws

2013-12-17 14:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: British Prime Minister David Cameron has warned the European Commission not to propose European Union-wide legislation to regulate the nascent fracking industry, saying such a move could create uncertainty and stifle investment. The rising cost of energy bills is a big issue ahead of a 2015 election and Cameron is keen to tap Britain's large resources of shale gas to shore up the country's energy security as its North Sea oil reserves decline. In January, the European Commission, the EU executive,...

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