Germany’s government plans to stop short of an outright ban on the controversial technique of fracking for gas, bowing to pressure from industry, according to the latest draft of a law from the environment ministry seen by Reuters.
Fracking or hydraulic fracturing to extract gas and oil has transformed the US energy market, boosting domestic supplies.
The process is banned in France on environmental grounds. It is allowed in Britain but has strict environmental and safety guidelines.
German industry is concerned that its competitiveness is being hurt by rising energy costs at home compared to lower prices in the United States which has …read more
Source: Herald LIVE
