UK MAY PAY HOMEOWNERS IN SHALE GAS AREAS

A scheme to spread the benefits of shale gas will include options to give more of the proceeds to local residents than previously planned, the UK government said August 7 following changes by the new Prime Minister Theresa May. Her plan now considers whether to make direct payments to homeowners and residents.

The Shale Wealth Fund, due to be formally consulted upon this week, was previously expected to share proceeds from shale revenues only with community trusts and local authorities.

The consultation has been changed by the new PM to include the option of money being paid directly to local residents in host areas.

http://www.naturalgaseurope.com/uk-may-pay-homeowners-in-shale-gas-areas-30943