| A fracking wealth fund could be used to invest in new forests, wildlife reserves and improvements in air quality, the government's Natural Capital Committee (NCC) will say today. The committee's latest report looks at potential ways of funding a 25-year plan to preserve the essential 'natural capital' services that forests, rivers, minerals and seas provide to the economy and halting the "long-term decline" of England's natural environment.
Tax receipts from shale gas or North Sea oil could be one way to help pay for such a programme, according to the NCC, which calculates a resource fund raised from the oil and gas industry since the mid-1970s could have raised more than £300bn so far...............................................Full Article: Source
|