UK lifts ban on fracking to exploit shale gas reserves

[WestVirginiaRebel]

CNN:

London (CNN) -- Britain's government lifted its ban on a controversial mining process known as hydraulic fracturing, or fracking, Thursday, allowing companies to continue their exploration of shale gas reserves.

Energy Secretary Edward Davey said the decision was subject to new controls to limit the risks of seismic activity.

A halt was called to fracking last year after two small earthquakes in Lancashire, northwestern England, where Cuadrilla Resources was exploring for shale gas.

The process involves pumping millions of gallons of water and chemicals into shale formations deep beneath the Earth's surface, causing the fracturing of the rock and the release of natural gas.

It has proved controversial in the United States, where supporters say it provides cheap energy but critics are concerned about the potential for chemicals to seep into the drinking water supply.

The new controls imposed by the UK Department of Energy and Climate Change include a requirement to carry out a seismic survey before work starts.

Firms involved must also draw up a plan showing how the seismic risks will be limited, and monitor seismic activity before, during and after the exploration.

Cuadrilla Resources said Thursday's decision to allow fracking to resume marked a significant step for Britain's future onshore gas industry.

"Today's news is a turning point for the country's energy future. Shale gas has the potential to create jobs, generate tax revenues, reduce our reliance on imported gas, and improve our balance of payments," chief executive Francis Egan said in a statement.

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Fracking comes to the UK.