BGS told by Treasury to redo disappointing report on shale resources.

FT: “George Osborne had wanted to herald in the budget the dramatic findings of a British Geological Survey report – that the extent of shale gas reserves in the UK has been vastly underestimated – as part of a sweeping pro-shale announcement, according to Whitehall sources.” “However, the BGS findings did not, in the end, make an appearance in the chancellor’s speech and the energy department is understood to have asked it to redo its calculations, a process that is taking several months. A final report is still a few weeks away and could see a downward revision to the estimates.”