British Prime Minister David Cameron on Monday promised tax breaks worth millions of pounds to encourage shale gas development, declaring the country was going "all out for shale".
Tax Breaks For Fracking Firms As UK Goes 'All Out For Shale'
Credit: Flickr
January 12, 2014

Via AFP:

British Prime Minister David Cameron on Monday promised tax breaks worth millions of pounds to local councils who encourage shale gas development, declaring the country was going "all out for shale".

Cameron announced that local authorities in England will collect all of the tax collected from shale gas sites -– double the current 50 percent figure.

The government calculates that this could be worth up to £1.7 million ($2.8 million, 2 million euros) a year for a typical site.

"We're going all out for shale," Cameron said in a statement released by his Downing Street office.

"It w...

Continue reading...

Can you help us out?

For 17 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. When registering you will also be presented with the option to tie all your old Disqus comments to your new Insticator account. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.