Shale gas development could create tens of thousands of jobs, reduce imports, generate significant tax revenue and support British manufacturing. The Institute of Directors’ comprehensive new report, Getting shale gas working, studies the lessons of previous energy developments, investigates the economic impacts of potential shale gas production at scale, and sets out the practical steps for both government and industry to overcome the key barriers.
Corin Taylor, Senior Economic Adviser at the IoD and author of the report, said:
“Shale gas could be a new North Sea for Britain, creating tens of thousands of jobs, supporting our manufacturers and reducing gas imports. Further exploration will be needed to assess the size of technically and commercially recoverable resources. At the same time, partnerships need to be established between industry, government and communities to ensure that development of this vital national resource benefits local people.”
For further information go to the IOD website