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Tuesday, June 21, 2011

Energy Minister Forges Ahead With Shale Gas Development

Provincial Energy Minister Craig Leonard is hoping the shale gas industry will be in full swing by next near.

He tells CHSJ News their priority right now is to get industry regulations up to par in order to handle such an expansion.

He acknowledges there has been vocal opposition against such development but he says it's a matter of educating the public about the safety and success of the industry in other jurisdictions.

He says revenue generated by shale gas is estimated at 300-400 million dollars a year, which would make a huge dent in the province's debt.