The U.K. announced new license terms to spur the development of the resource that may supply the nation with half a century of natural gas from shale rock.
Business Minister Michael Fallon signaled support for exempting Britain’s smallest companies from some employment regulations, arguing it would encourage them to hire staff.
The Ukraine crisis has become a “wake-up call” for European governments on the need to develop local energy resources, including natural gas from shale, U.K. Energy Minister Michael Fallon said.
"There were a lot of Union Jacks, and not a Saltire in sight."
- Michael Fallon on Jul 04, 2014