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THE CARBON WAR

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If only he had the money 51<br />

Now in his speech to the Davos plenary the UK prime minister says he<br />

aspires to frack cheap shale gas from below UK soils on a scale sufficient to<br />

lure big manufacturers back to the country.<br />

It is, I have to admit, a very alluring narrative for a political leader. How<br />

inconvenient he is going to find it when he discovers that it is based on illusion.<br />

My hope is that he will discover this in 2015, in time to change course<br />

before Paris. Deprived of cheap gas, he will have only one place to go, so<br />

I reckon. Nuclear is being exposed as an unaffordable white elephant. He will<br />

have to go for a green industrial revolution. Exactly what a meaningful Paris<br />

treaty will mandate.

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