Shell welcomes fracking decision

2012-09-07 20:16
There has been mixed reaction to the lifting of the moratorium on fracking in the Karoo. (Duncan Alfreds, News24)

There has been mixed reaction to the lifting of the moratorium on fracking in the Karoo. (Duncan Alfreds, News24)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Cape Town - Oil giant Shell is pleased with Cabinet's decision to lift the moratorium on shale gas exploration in South Africa.

"Shell welcomes this decision. The Karoo Basin offers a potential exploration opportunity for shale gas, which we believe will be instrumental in meeting South Africa's growing energy demand," Shell SA chairperson Bonang Mohale said in a statement on Friday.

This would help create sustainable and permanent jobs for South Africans.

According to the statement, Shell would "continue to work closely with local people in the Karoo, and other stakeholders, to address concerns and ensure they benefit from our work".

It would also "continue to listen to the views of Karoo residents and explain in detail what our plans entail".

Shell was investing "significant resources" globally in developing natural gas as a cleaner energy source to help meet surging energy demands.

Chamber of commerce sees benefits

Natural gas development, including the potential development in the Karoo, would bring great benefits to local communities through job creation and local business opportunities, it said.

Meanwhile, the SA Chamber of Commerce and Industry (Sacci) said environmental concerns about exploratory fracking must be balanced against the economic benefits it could bring.

"The potential environmental consequences must be balanced against the economic benefits that would accrue to the country should it become more self-reliant in terms of energy resources," Sacci CEO Neren Rau said in a statement.

Sacci supported the fact that companies wanting to undertake shale gas exploration would have to comply with stringent South African environmental impact assessment standards.

This, Rau said, would "alleviate anxieties relating to fracking from an environmental perspective".

Sacci believed that apart from making South Africa less reliant on imported energy, the benefits of exploiting shale gas would include the creation of sorely-needed jobs.
Read more on:    shell  |  sacci  |  fracking  |  environment

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

linking and moving

2015-04-22 07:36

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
13 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.