U.K. Prime Minister Defends Shale Gas Tax

ALWAY, IRELAND--December 22, 2014 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) U.K. Prime Minister David Cameron has defended the favourable tax regime for the controversial shale gas industry but denied that the government is subsiding the budding sector.

Speaking to the House of Lords Liaison Committee on a range of carbon funding and energy related issues, Cameron defended the proposed tax breaks for shale gas companies exploring for unconventional gas in the U.K..