Will you hit the Frackpot? Theresa May's stunning cash payouts to families, with households offered up to £13,000 in the great shale bonanza
Families will be given cash handouts to boost drive for shale gas fracking
- Homes in areas where the gas can be extracted would be given the cash
- Latest move by new government to move away from Cameron energy plan
- Prime Minister Theresa May will unveil the energy scheme on Monday
Families will be offered five-figure cash payouts under a radical plan to boost the drive for controversial shale gas fracking.
The
Lottery-style ‘Frackpot’ windfall scheme, to be unveiled by Theresa May
tomorrow, involves paying individual householders cash sums – which
could be as high as £13,000 – if they are living in areas where the gas
can be extracted.
The move marks a further dramatic departure by the new Prime Minister from David Cameron’s blueprint for Britain’s energy needs.
Prime Minister Theresa May hopes her
bold post-Brexit plan would allow access to Britain’s untapped energy
reserve and give a boost to the economy
Will your village or town hit paydirt in the great shale bonanza?
In
just three weeks in Number Ten, Mrs May has scrapped the climate change
department, threatened to scupper the Hinkley Point nuclear power plant
deal with China and France, and now plans to transform Mr Cameron’s
cautious fracking rewards scheme.
Mrs May hopes her bold post-Brexit plan would allow access to Britain’s untapped energy reserve and give a boost to the economy.
But
the scheme is likely to prove controversial: environmental critics may
argue it is a ‘bribe’ which could undermine local democracy if
councillors opposed to fracking find themselves under pressure from
voters keen to get their share of the fracking lottery.
Under
existing proposals, sums of up to £10million in each affected area were
to be taken from business rates paid by fracking firms and given to
town halls and community groups.
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