IoD report fantastical and funded by Cuadrilla

Last edited 22 May 2013 at 8:33am
22 May, 2013

Responding to the Institute of Directors report “Getting shale gas working”, Leila Deen, Greenpeace Energy Campaigner, said:

“Paid for by fracking company Cuadrilla, this report’s wildly optimistic forecast for job creation depends on a level of shale development that no respected analyst believes to be economically or geologically feasible.

The IOD's forecasts are based on mind-boggling and hopelessly misleading estimates of gas extraction using technology so far not deployed at this scale anywhere on the planet. It also assumes a level of gas use that's incompatible with the recommendations of government climate advisors.

"In their best-case scenario, 17 trucks a day would pass through the UK's most picturesque villages carrying more than 5.4 million cubic metres of water and fracking fluid per year.

"Despite cheerleading for the industry, the report still avoids the issue of whether fracking will bring down bills. With experts from Deutche Bank to BP to the Energy Secretary Ed Davey agreeing UK shale gas will not reduce gas prices for consumers, fracking across England seems like a lot of pain for very little gain."

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