Public Support for Fracking in the UK now under 50 Percent

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Public Support for Fracking in the UK now under 50 PercentA new poll indicates that support for fracking among UK public has plunged under 50 percent for the first time.

The survey, which is conducted for the University of Nottingham by the YouGov, shows that 49.7 percent of the respondents are in favor of the controversial method of extracting shale oil and natural gas. This is the third time the backing for the practice has declined since last year’s protests in Balcombe, West Sussex, which resulted in several arrests including that of Caroline Lucas, a Green MP, reported Guardian.

In July 2012, the support for hydraulic fracturing stood at 58 percent, before declining to 54 percent in September last year. The latest results in January show that the level of support stood at 53.3 percent.  The polls also indicate that support for fracking is split along political party lines. The poll shows that only 41 percent of Labour supporters back the shale energy extraction process, down from a high of 52 percent.

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However, support from the Tory voters has remained high, with 67 percent of the respondents saying they back it. Ukip supporters have also retained their support for shale gas exploitation.

However, Tory Peer Lord Howell, who sparked a public uproar last year when he opined that fracking should be carried out in the north-eastern region, warned last week that fracking could be costly to the Conservative party at the ballot.

“Every time ministers open their mouths to claim that fracking must start everywhere around Britain, and not just in carefully selected and remote (derelict) areas, they lose thousands of Tory votes,” wrote Lord Howell. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.

To contact the reporter of this story; Jonathan Millet at john@forexminute.com