England ready to replicate U.S. shale gas tax cuts energy revolution

British Finance Minister Oscar Friday will likely  shale gas  industry commitment to the implementation of the world's most favorable tax rates, the United Kingdom would like to take in order to promote the country's energy revolution.
According to the FT reported that British ministers will prepare shale energy tax rate to 30%, while other countries generally oil and gas tax rate is generally 62%.
Meanwhile, the UK Treasury will require energy companies at least every mouth drilled wells at least £ 100,000 contribution to social welfare.
The UK government is trying to replicate a U.S. shale oil revolution,  Hydraulic fracturing  and other new technologies allow the United States produced a large number of oil and gas, thus lowering the energy price American families and businesses.
British Prime Minister David Cameron recently stated publicly, "jealousy" America's energy industries.
But environmental groups worry shale gas may cause pollution, fracking could contaminate groundwater sources, and the release of greenhouse gases methane.
British Geological Survey Association, the latest report that the northern England area shale gas reserves than originally estimated reserves of more than twice the national UK.
British Energy Minister MichaelFallon Thursday the British Parliament said that Britain is now equivalent to the current yields also need 3/4 of oil and natural gas.
"Energy is a key component of our economic protection money, the next few decades has been the case, even if we will enter a low-carbon economy."
But shadow energy minister TomGreatrex but finds no evidence of shale gas in the UK energy prices could cause the same effect.
He expressed cautious support for shale gas also pointed out: "Based on Gas transactions, assuming natural gas prices will be cheaper to imitate the practice of the United States can not withstand scrutiny."