Economist: Raise the pressure

FOR all the debate about it, Britain’s shale-gas industry is minuscule. Whereas roughnecks in America have sunk many thousands of wells since a boom began more than a decade ago, Britain has fracked at only one test site, in Lancashire, and not since 2011. In a report published on May 8th, an all-party group from the House of Lords said that speeding shale-gas exploration should be an “urgent national priority”. So far, so familiar—and entirely in tune with the position of the coalition government. But the authors go on to blame the government, not green campaigners, for holding the frackers up.

The Lords’ economic-affairs committee argues that shale gas could boost Britain’s economy while reducing its dependence on imports. It says that proper oversight can limit the environmental and health risks associated with fracking. And it recognises that burning more gas instead of coal—which is still used to generate more than one-third of Britain’s electricity—could be a cheap and sustainable way to lower the country’s carbon emissions while waiting for pricey renewable technologies to mature.  MORE