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United Kingdom: Fracking: tax breaks raise questions over agenda for tackling climate change

2013-07-19 01:57:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Providing tax breaks to the frackers can be justified by the government as a way of trying to develop an industry that could eventually provide Britain with lower-cost and lower-carbon energy if all goes fantastically well. In the US, the shale "revolution" has cut natural gas prices by almost 75% and allowed a reduction in carbon emissions as gas has displaced coal in the generation of electricity. But that coal has been exported to Britain and Germany to be burned over here. A new domestic...

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