Via the UK Telegraph:
- The Department for Energy and Climate Change is expected to launch the so-called “14th onshore licensing round”, which will invite companies to bid for the rights to explore in as-yet untouched parts of the country
- Could potentially result in fracking taking place across more than half of Britain
- Industry sources said the plans could be announced at a press conference tomorrow
- The Government … would “step up the search” for shale gas and oil
- Ministers said they would offer energy companies the chance for rights to drill across more than 37,000 square miles, stretching from central Scotland to the south coast
More at the link (ungated).
This could have an impact on the GBP … something to watch for.