IGas shale gas estimates pure hype - Greenpeace

3 June, 2013

Responding to Igas’ shale gas reserve estimates, Greenpeace Policy Director Doug Parr said:

"Deciding how much gas there is based on the word of a shale gas firm is like buying a second hand car without lifting up the bonnet and asking the price.

"Igas may be keen to impress its investors in China but these figures are just hype. The world's largest oil and gas firms were attracted to Poland by similar claims - now they are rushing to leave.

Meanwhile every analyst, from Poyry, to Ernst and Young and even Cuadrilla says UK shale will have little or no impact on bills.

"MP's voting tomorrow on the decarbonisation of the power sector should remember that sending drilling rigs into our rural villages in a desperate hunt for gas could cost them votes. They should instead vote for clean, renewable energy that will bring bills down over time.”

ENDS

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