To fight Russian aggression, Britain needs to frack
22 February 2022
SUGGESTED
In the Media
Julian Jessop writes for the Daily Express
22 February 2022
In the Media
IEA research referenced in City AM
22 February 2022
Tax and Fiscal Policy
19 November 2024
Commenting on Europe’s reliance on Russian gas, Andy Mayer, Energy Analyst at free market think tank the Institute of Economic Affairs, said:
“To fight Russian aggression, Britain needs to frack.
“Europe’s dependency on Russian supply for 40 per cent of its gas has enabled Vladimir Putin to risk his invasion of Ukraine. He is confident that any retaliation, including the cancellation of Nord Stream 2, will be short-lived.
“Europe has ambitious Net Zero plans, but they will take decades to deliver. In the interim, it needs new sources of gas. The UK has already restarted North Sea approvals; it now needs to lift the moratorium on onshore fracking.
“Whatever stance is taken on Net Zero, it’s better that profits from heating our homes fund British priorities, including low carbon investment, rather than fuelling the Russian war machine.”
ENDSNotes to editorsContact: Emily Carver, Head of Media, 07715 942 731IEA spokespeople are available for interview and further comment.
“To fight Russian aggression, Britain needs to frack.
“Europe’s dependency on Russian supply for 40 per cent of its gas has enabled Vladimir Putin to risk his invasion of Ukraine. He is confident that any retaliation, including the cancellation of Nord Stream 2, will be short-lived.
“Europe has ambitious Net Zero plans, but they will take decades to deliver. In the interim, it needs new sources of gas. The UK has already restarted North Sea approvals; it now needs to lift the moratorium on onshore fracking.
“Whatever stance is taken on Net Zero, it’s better that profits from heating our homes fund British priorities, including low carbon investment, rather than fuelling the Russian war machine.”
ENDSNotes to editorsContact: Emily Carver, Head of Media, 07715 942 731IEA spokespeople are available for interview and further comment.
SHARE
