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    Evening Standard: London set for '£94bn bonanza' from fracking

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Summary

London is in line for a £94 billion shale oil and gas - fracking south of the capital could deliver 46,000 jobs in and around London

by: Sruthi

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Press Notes

Evening Standard: London set for '£94bn bonanza' from fracking

London is in line for a £94 billion shale oil and gas bonanza, new research claims today. The work estimates that fracking south of the capital could deliver 46,000 jobs in and around London, employing everyone from lorry drivers to financiers.

But Tories behind the research claim scare-mongering about fracking by “greenies” has put the massive windfall at risk.

They say benefits will only come if government pushes harder for extraction and are calling on Boris Johnson to champion the industry.

London Assembly member Tony Arbour said: “There are two reasons this hasn’t really started yet. “One is the fear that environmentalists and greenies are generating, suggesting it’s going to create earthquakes and be the end of the world.
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