New German coalition government would keep fracking ban

|By:, SA News Editor

German Chancellor Angela Merkel's conservatives and the center-left Social Democrats agree to retain a moratorium on fracking for shale gas while cutting some incentives for wind power if they form a new coalition government.

The deal would be a disappointment to Exxon Mobil (XOM), Germany’s largest natural gas producer with XOM-operated fields responsible for ~70% of the country’s output, and with nine exploration licenses covering 2.8M acres that hold shale gas, tight natural gas liquids, and coalbed methane.

Among those who have fretted over fracking are Germany's brewers, who worry that the technique would pollute waters and taint the country’s beer.