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United Kingdom: Fracking firms 'should pay 6bn year tax to compensate for climate change'

2014-01-26 19:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Shale frackers operating in Britain should be paying 6bn a year in taxes by the middle of the 2020s to compensate for the damage wreaked on the environment, according to a study from Cambridge University. The government has made clear drillers such as Cuadrilla Resources and IGas should provide sweeteners to local communities affected by their activities but it would also be right for shale gas producers to pay for contributing to global warming, argues Chris Hope, a parliamentary adviser and...

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