I draw attention to my entry in the Register of Members’ Financial Interests, and in particular to my interests in the energy industry.
I want to contribute briefly on the subject of shale gas and fracking, on which my Committee has reported twice, in 2011 and 2013. Those were two detailed reports involving seven oral evidence sessions, two with Ministers, and visits to Lancashire to look at what Cuadrilla was doing, and to Texas to see an established shale gas industry’s operations. Our conclusions, which were based on a very careful analysis of the evidence, were totally different from those of the Environmental Audit Committee, whose consideration of the matter appears to have been rather briefer. We concluded that fracking is a safe technology from which Britain could benefit substantially by exploiting our shale gas reserves, if indeed those reserves turn out to be significant—something we cannot know without doing a great deal more drilling.
Far from attacking the Government for rushing on this issue—