The UK Prime Minister, speaking during the World Economic Forum at Davos in Switzerland, described how shale gas fracking would be a key driver for future economic growth in the country.

Mr Cameron described how fracking would provide reduced energy prices, mirroring cost reductions seen in the U.S. from increased competition in the energy market.

The move to harness the 1,300 trillion cubic feet of shale that the British Geological Survey has estimated is under the north of England would help to reduce the UK’s reliance on foreign energy sources.

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Plans for UK fracking forms part of the Prime Minsters move to encourage increased re-shoring: “There is no doubt that when it comes to re-shoring in the US, one of the most important factors has been the development of shale gas, which is flooring US energy prices, with billions of dollars of energy cost-savings predicted over the next decade."

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