Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-21-Speech-3-257-000"
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"en.20121121.20.3-257-000"2
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"For the transformation of the energy system by helping to reduce emissions with existing technologies, gas will be critical until at least 2030 or 2035. Shale gas and other unconventional gas sources have become potential important new sources of supply in or around Europe. The extraction of unconventional hydrocarbons, notably shale gas but also shale oil, has led to unprecedented and radical changes in global energy markets. Global gas prices and trade patterns are being re-shaped, with evident consequences for the EU. A number of Member States have permitted shale gas exploration and are preparing for extraction if discoveries allow. It is important to monitor worldwide regulatory regimes and practices, and to recognise and address concerns about the environmental effects of shale gas and shale oil extraction. These concerns focus on the potential consumption of large volumes of water, the potential chemical pollution of groundwater bodies especially of drinking water, on the treatment of waste water and risks to surface waters, on the storage of waste drill cuttings, on site-specific impacts, on seismic effects, and the possible implications for greenhouse gas emissions. I consider it important to stress that the extraction of unconventional fossil fuels can also be a great opportunity to strengthen the economy and increase employment and development in certain EU regions."@en1
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