House of Lords: help yourself to the Pottage

In what is still for the moment the United Kingdom the unelected House of Lords has pronounced (through one of its committees served by the great and the good) that shale gas will bring substantial benefits to the nation and that risks of harm and environmental damage is low, while demanding at the same time a reduction in regulation of fracking enterprises.

It strikes me as a singularly unintelligent pronouncement. Financial benefits can be outweighed by environmental damage and risks of harm are increased by reducing regulation which must be made for the object of reducing harm. In fact, the more regulation there is the lower the risk of harm and the less regulation there is the greater the risk of harm but the higher the financial rewards.

It seems that the House of Lords’ Committee is suggesting that we eat the mess of pottage in exchange for our birth right. Yum yum.

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