09 October 2013 17:55 [Source: ICIS news]
VCI president Karl-Ludwig Kley said that he is opposed to a "prohibition on thinking" about the opportunity that shale gas and its production technologies offer. Hydraulic fracturing (fracking), the technology used in shale gas production, is facing strong opposition in Germany and elsewhere.
“In a couple of decades Germans may be grateful that they have gas reserves available,” Kley added.
Kley, who is also CEO of German specialty chemicals and pharmaceuticals firm Merck KGaA, made the remarks in a media briefing in Berlin, where he presented a study warning of the costs of Germany’s energy reforms - known as “Energiewende” -, which rely heavily on subsidies to build out renewables capacity.
The study - carried out by a
However, the study, The Challenge to
Kley appealed to
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