Published on 13th January 2014
Oil and gas fracking in the UK will receive a major boost on Monday when Prime Minister David Cameron says that local communities will be allowed to keep millions of pounds of tax generated by the industry. The announcement comes after it emerged that French energy giant Total will become the first oil and gas major to back UK fracking, a move that could be a catalyst for the sector. Total is expected to invest close to 30m pounds in shale exploration in the East Midlands. - The Telegraph