Thank you to Rebecca, one of our Horse Hill Protectors, for this post
Oil and gas exploration has begun at Horse Hill Road, off Reigate Road. We are now in the early stages in the UK of “unconventional” or “tight” oil exploration, utilising hydraulic fracturing (“fracking”) to free up formerly inaccessible oil and gas reserves. As global “conventional” oil reserves dwindle, the fossil fuel industry is desperately promoting fracking as a way of continuing business as usual, heavily promoted and subsidised by our Government.
A recent analysis by the IMF estimates the UK “will spend about £26 billion on subsidies for fossil fuels this year”. By contrast, renewable energy companies received only £3.5 billion of subsidies in 2015-15, and Government has decided to slash this amount by ending support for onshore wind farms and cutting solar power subsidies.