Ineos has just relocated its fracking operations to England after the gas and energy giant was unsuccessful in getting the Scottish Government to support the gas extraction method.
The multinational company has already informed Scottish ministers about the relocation, and now the firm is going ahead to take advantage of the opportunities present in England.
Previously, Nicola Sturgeon’s administration had suspended fracking in Scotland, and now the Government appears to be anti-fracking, after Energy Minister Paul Wheelhouse stated that he was sceptical about the use of fracking to extract shale gas reserves in Scotland.
On the other hand, David Cameron’s Government is pro-fracking; just a week ago, the North Yorkshire County Council approved Third Energy’s application to frack a well in Ryedale, in the village of Kirby Misperton.
The proposal by Third Energy is considered a landmark scheme as it is the first time that the British Government has given approval to such a proposal after it gave the go-ahead to fracking in 2012.
Ineos Director of Corporate Affairs Tom Crotty stated that Scotland would miss out on the shale gas revolution taking place in the UK after the decline in fortunes of North Sea oil and gas contractors and companies. Crotty said that Ineos has redeployed its resources in England. However, he also mentioned that while Ineos was still in moratorium in Scotland, the company had informed the Scottish Government that the delay was not helping.
Ineos’ geologists and petrochemical engineers have been deployed in England. They will be in charge of seeking out prospective fracking sites in the country.
While Scotland’s loss has been England’s gain, anti-fracking campaigners in Scotland have welcomed Ineos’ departure from the country. At the same time, there are worries that Scotland may lag behind the rest of the UK with regards to energy and the jobs that fracking produces. Economic reports claim that fracking can extract billions of pounds worth of shale gas while creating thousands of jobs.