The Great Fire of London was finally extinguished 350 years ago today. New insurance structures emerged in the aftermath of the Great Fire – which bear striking resemblance to some of ...05 September 2016
UK: Task Force on Shale Gas calls for new regulator
The Task Force has criticised the existing regulatory framework as "unapproachable" and overly complex, as it involves numerous government departments such as the Health and Safety Executive, the Department of Energy and Climate Change and the Environment Agency. However, the government has defended the existing system, calling it one of the most robust in the world, to the BBC.
The task force also hopes that a new regulator could dispel some of the controversy that surrounds fracking in the eyes of the public. The report says that the existing framework does not command the necessary levels of public confidence. For all the noise surrounding fracking, no wells have been commercially fracked in Britain at this time. The report places great emphasis on local community relations, and the consultation process that should be adopted when planning is undertaken.
The Chair of the Task Force, Lord Smith, also said that he is very sceptical of the prospects of fracking for shale oil in the UK, which has more serious environmental implications than fracking for shale gas and is more difficult to extract.
It is hoped that a new, single regulator and improved public relations will boost confidence in fracking, and could see the industry hit its stride in the next decade. It is hoped that legislation will follow the election in May, so watch this space for updates!
The Insurance Act 2015 (the "Act") comes into force tomorrow. It represents a fundamental departure from existing insurance law. The changes impact on a number of key areas which are...11 August 2016
The Supreme Court published two judgments on how dishonesty affects insurance claims before the end of the most recent Trinity term:10 August 2016