No economic case for fracking in Scotland

The Scottish Government is consulting the public before it decides whether to permit or ban Unconventional Gas Extraction (including Fracking). But what is most incredible is that it is even being considered. Its own review of the impact of the industry confirmed that it is virtually worthless to the Scottish economy as a whole. Other impact studies on health, decommissioning, regulation, transport, and climate gave an equivocal picture (which campaigners challenge). But KPMG’s 2016 economic report showed any benefits from this dirty business are so marginal as to be worthless. Here’s the key quote: ‘According to our estimates, the industry could represent an average of 0.1% of Scottish GDP (2015 figure) in our Central scenario and 0.3% in our High scenario which is not a large contribution to the Scottish economy’.

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