Scot Parkhurst, Energy Director at the WSP international energy consultancy, has applauded the recent announcement by the Chancellor on tax allowances for UK shale gas exploration.
He said: “There will no doubt be outrage at tax breaks for shale gas, but the Chancellor is right to keep our options open. The Government has an important role in encouraging energy development using the tax system and the reality is that all energy generation gets government support.
With more than 2,000 people operating across the UK, WSP is one of the world’s leading professional services firms, working with governments, businesses, architects and planners and providing integrated solutions across many disciplines. Parkhurst added:
“Shale gas could play an important role in reducing gas imports and improving the UK’s energy security.
As a result, a variety of mechanisms need to be adopted by the Government to encourage the exploration of our shale gas reserves.
“It’s far better to establish now whether shale gas could be a viable alternative to coal, and a way to deliver energy security, than regret it later.”