Shale Gas Extraction
Debate between Mick Whitley and Jacob Rees-Mogg(1 year, 7 months ago)
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Mr Rees-Mogg
This is an alternative replacement source for gas that we are going to use anyway. It is not increasing our demand for gas, and the hon. Gentleman misses the ABC of economics.
Mick Whitley (Birkenhead) (Lab)
Yesterday, the Business Secretary confirmed that his Department will review the level of seismic activity that is permitted to take place at new fracking installations. Meanwhile, the Government’s energy security strategy rules out lifting the draconian planning restrictions that were imposed on onshore wind by the Cameron Government. Onshore wind is one of the cheapest, most popular and fastest to roll out forms of energy production available. Meanwhile, fracking, as the Chancellor himself has said, is hugely costly, will do little to reduce domestic energy costs, and risks inflicting immense damage on local communities and our precious natural environment. Will the Secretary of State concede that the Government have got their priorities wrong?
Mr Rees-Mogg
The thing we are lacking at the moment, most acutely, is affordable gas. Gas is the fuel that provides electricity at the margins, so when the wind is not blowing and demand is high, it is gas that provides the marginal unit of electricity. Gas is therefore fundamentally important to our energy security.