Shale gas field allowance to spur investment
CHANCELLOR George Osborne threw his weight behind the controversial shale gas industry today promising a "generous" new tax regime.
The move, first touted in the Autumn Statement, will mean a "shale gas field allowance" which the Chancellor said would help promote early investment in the sector.
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Shale gas is extracted by pumping large quantities of water into the ground at high pressure to displace gas.