By Jo Nova Just as Joe Biden cancelled Keystone on his first day, the new UK Prime Minister Rishi Sunak canned Fracking on Day one. He was appointed on Tuesday and the fracking ban was reinstated Wednesday. It tells us exactly what his top priorities are, and perhaps also tells us what the real unforgivable sin was that Liz Truss committed. There are a lot of vested interests that would hate to see fracking start in the UK. The horror, after all, would be if that cheap gas started to flow and people in the UK got used to it, and realized micro earthquakes were, well, nothing. How would anyone cork up those wells after the war? If a few old coal plants restart it’s no big deal, they can be shut down again. But if shale gas “was trialled” there’d be no going back.
Fracking shale gas turned the US back into an energy giant. For the last month or so, there was the stark danger that the UK might get energy independence too, but then Rishi Sunak arrived to save the day, or rather to save a few houses from theoretical seismic events so small that people would [...]
