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Sovereign Wealth Funds Briefing - Categorized | Market

If fracking is to happen in the UK, let it benefit the whole country

Posted on 06 February 2014

We need a sovereign wealth fund that would be built on the revenues from the nation’s last great natural resource. Fracking will involve a) industrialising the countryside, b) the risk of various forms of pollution to air, water and the natural environment, c) an excuse for a delay in the decarbonisation of electricity.
It might, possibly, provide a) a secure source of energy for a generation, b) tax revenues, c) a lower-carbon source of energy than coal to ease the passage to power generated entirely by renewables………………………………………..Full Article: Source


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