GDF Suez to fund fracking in UK.

FT: “GDF Suez of France has struck a deal with Dart Energy that will see the world’s biggest power producer by output fund drilling for shale gas in the UK over the next three years.” “The investment by the French state-backed utility comes despite a ban on hydraulic fracturing, or fracking, of shale in its own country. Earlier this month France’s constitutional council has upheld a law banning fracking, effectively backing the socialist government’s stance against exploiting the country’s shale energy potential, which is thought to exceed that of Poland and the UK.”