Fast-growing US solar power rivals shale gas boom.
Giant farms of photovoltaic panels, including Warren Buffett’s Topaz array in California, are changing power flows in the electrical grid, challenging hydro and conventional generators and creating negative prices on sunny days. AP
May 14 — While New York state’s long-awaited environmental impact statement (EIS) on fracking doesn’t explicitly ban the natural gas drilling practice, sources on both sides of the issue told Bloomberg BNA that there’s no doubt an official ban will be put in place when the state environmental conservation commissioner issues a “findings statement.”
Lancashire County Council News Release
For Immediate Release
13 May 2015
New Dates Set For Shale Gas Decisions
Lancashire County Council has scheduled new dates in June for its Development Control Committee to make decisions on planning applications for shale gas development at two sites in the county.
The committee is due to determine applications from Cuadrilla to drill, frack, and test gas flows, with associated separate applications for environmental monitoring, at two sites in Lancashire – Preston New Road at Little Plumpton, and Roseacre Wood at Roseacre.
The applications relating to the Preston New Road site are scheduled to be decided at meetings to take place on Tuesday 23 June and Wednesday 24 June.
The applications relating to the Roseacre Wood site are scheduled to be decided at meetings to take place on Thursday 25 June and Friday 26 June.
The Development Control Committee previously met in January to consider the applications and resolved to defer their decisions following a request by Cuadrilla to consider additional information about the applications.
The council has subsequently consulted upon the new information provided by Cuadrilla and planning officers are now reviewing the feedback from the consultation period, and the details supplied by Cuadrilla, in order to prepare reports and offer recommendations to the committee.
Reports to be considered by the committee will be published at www.lancashire.gov.uk on Tuesday 16 June.
United Utilities say it’s ‘Unfortunate’ that their Preston New Road works are so close to Cuadrilla’s proposed fracking site atPreston New Road. So close that parts of the United Utilities work site and Cuadrilla’s proposed fracking site actually overlap.
Works compound near Cuadrilla’s proposed Preston New Road Fracking Site.
The view from Preston New Road of pipeline works towards Little Plumpton. Cuadrilla’s proposed site entrance is along the hedge line opposite the clump of trees on the right.
Pipeline work alongside Preston New Road running to the Westby reservoir. Cuadrilla’s proposed site entrance is along the hedge line opposite the white car.
And United Utilities, coincidentally, are working adjacent to the Roseacre Wood site!!!!!
Leonard is a portfolio manager and principal at Brecken Capital LLC, a hedge fund focused on domestic equities.You can reach Leonard on Twitter: @Lbrecken13
Awareness of fracking has soared from 42 per cent of people in July 2012 to 72 per cent last month, the proportion of people claiming they support the technology has continued its downward trend, falling from 29 per cent last year to 24 per cent this. In contrast, the proportion saying they oppose or strongly oppose fracking rose year-on-year from 22 per cent to 26 per cent.
Although many in the UK Government support the continued development of fracking when it comes to drilling for shale gas, there is still much uncertainty as to how far the controls and requirements will extend when it comes to regulating the industry.
With the debate surrounding the issue becoming more intense in recent months, questions must be asked about the implications of fracking in the United Kingdom for insurers, especially given the controversial environmental impacts of the process? How will underwriters manage the task of assessing risk, when many of the potential hazards to human health and property have not yet been identified or confirmed as being linked to the fracking process?