Fracking

Iain Conn, who will succeed Sam Laidlaw as chief executive of Centrica, would have been a dead cert for the top job at his current employer, BP, were it not for the Deepwater Horizon oil rig disaster in the Gulf of Mexico in April 2010. The subsequent PR fiasco terminated the BP career of the then chief executive Tony Hayward — who seemed crushed by the episode, but recovered to make a double fortune at Genel Energy and Glencore. Had Hayward served a full term, Conn (BP’s head of refining and marketing) would almost certainly have followed him. As it was, BP found it more politic to appoint an American,

The government’s announcement today that fracking will not take place in National Parks and Areas of Outstanding Natural Beauty save ‘in exceptional circumstances and where it can be demonstrated they are in the public interest’ is a welcome and sensible move. It may indeed be in the national interest to exploit a new source of energy, but these landscapes are specially protected in the national interest, too. The government states that countryside ‘adjacent’ to these protected areas will also be covered by the policy. That will be a relief to the residents of Wisborough Green and Kirdford in my constituency, two villages in beautiful countryside close to the South Downs

‘Iraq turmoil sends crude oil prices to nine-month high’ is the sort of headline that used to send shivers down economists’ spines, especially if it appeared on the same page as ‘Europe faces gas shortage as Russia cuts Ukraine supply’. How worried should we be at the current turn of events in the energy world? Since Iraq’s new insurgency kicked off, the price of a barrel of Brent Crude has blipped from $105 to $115 — nothing to panic about — but the more pessimistic analysts are talking of a further $30 rise if Iraqi oil flows of 3.6 million barrels a day (representing about 4 per cent of global

If you happen to be reading this column at breakfast, I’d recommend you skip to something more agreeable like Dear Mary and save mine till a bit later. It concerns the ugly details of one of the most revolting mass murderers in US history. His name is Kermit Gosnell — a doctor who ran a particularly dodgy clinic in Philadelphia specialising in late-term abortions for mostly poor black women. When police raided it in 2010, they encountered a scene of quite appalling horror. In a flea-ridden, blood- and faeces-stained basement, Gosnell had been operating on women using unsterilised equipment, killing babies well over the legal term limit, sometimes by sucking

It might not be something you want to mention in the Half Moon Inn in Balcombe, or around any of the other communities where people are getting anxious about shale gas explorers ripping up the countryside with their drills and pipelines. But if shale is the tremendous source of wealth that David Cameron insists it can be for this country, how do you go about investing it? After all, if there are fortunes to be made, there is no reason not to claim your share. There is no longer any question that shale gas is a major industry. In the US, where it is most advanced, it is already worth

Power companies are the new banks as far as the public is concerned — but does that mean they’re not worth putting your money in? In any troubled marketplace there are always stocks to be picked, but current political turbulence makes that an unusually tough challenge in the UK energy sector. Much anger is currently directed at the  ‘big six’ energy groups — Centrica, Scottish & Southern (SSE), Scottish Power, E.on, RWE and EDF — and their pricing power in the domestic market. The recent round of tariff rises, ahead of the winter heating season and in the face of a moderating wholesale market, served to underline the suggestion that

According to the weird and wonderful folk at Greenpeace, the home of the longest running magazine in the English language is sitting on a gold mine. A black gold mine. Using sophisticated web technology, Greenpeace have created mapping software of Britain’s lucrative shale reserves. Simply enter your postcode to find out if you are set to become the next Beverley Hillbillies. Keying in 22 Old Queen Street, SW1H 9HP (the Speccie’s address), creates this stuffy response: ‘Bad news, you live in an area that could get fracked’. Bad news? Bad news? We are ecstatic. Frack baby, frack!

I’m off to Balcombe this weekend. In fact I might even carry a placard and paint my face with a clever pun, like ‘F*** off!’ or ‘Go f*** yourself.’ Because it’s time to add my voice in opposition to a greedy industry which threatens your ground-water, exudes greenhouse gases, leaches chemicals into the earth, destroys the beauty of the landscape and imperils our native fauna and flora wherever its grasping hand is felt. This extractive activity fills the air with noxious smells and clogs the roads with slow-moving vehicles; its safety record is appalling, with a high rate of work-related injuries and famously low worker pay. Moreover it has been shown to