The UK’s richest person has launched an attack on the government’s fracking rules, accusing ministers of policies that will cause an “energy crisis” and “irreparable damage” to the economy. The businessman, who is worth £21bn, accused the government of taking an unworkable and unhelpful position on seismicity and planning rules. But the UK government has repeatedly said that one of the virtues of a UK shale gas industry is that it would be tightly and robustly regulated. Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDeskHowever, all three Ineos shale gas sites were rejected by local authorities. A government risk assessment last week concluded that UK gas supplies were “resilient to all but the most unlikely combination of high demand and supply disruption”.

Source: The Guardian February 04, 2019 12:58 UTC