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<p>The shale gas industry has made a commitment to the Community Engagement Charter,
co-ordinated by its representative body UK Onshore Oil and Gas, which includes a commitment
to provide benefits to local communities at the exploration/appraisal stage of a minimum
£100,000 per well site where hydraulic fracturing takes place.</p><p>The Infrastructure
Act 2015 introduced a range of further requirements that must be met before an operator
can carry out hydraulic fracturing. Once these provisions come into force, the Government
will not issue a hydraulic fracturing consent unless satisfied that a scheme is in
place to provide financial or other benefit for the local area.</p><p>A Sovereign
Wealth Fund would ensure that revenues from shale gas and oil are put to good use.
Proposals will be brought forward in the next Parliament.</p>
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