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One of the world's largest chemical companies Ineos, are leading the charge in the search for shale gas under the ancient woodland that served as the legendary home of Robin Hood.
Ineos, who recently relocated their headquarters to the UK have been in talks with the Forestry commission regarding Sherwood Forests potential for shale gas exploration.
According to Friends of the Earth, documents obtained under the Freedom of Information Act reveal Ineos now have the relevant licences to allow them to conduct a number of seismic surveys in the area.
The surveys would determine whether or not shale gas is present in rocks beneath the forest and if so would result in fracking work commencing.
Hydraulic fracturing, or fracking is the process of drilling down into the earth and injecting high pressure water, sand and chemicals into subterranean rock to release gas trapped inside.
The reason fracking is so controversial is because its not without its environmental concerns. Chemicals used in the process can escape and contaminate groundwater around the fracking site.
Fracking also requires vast amounts of water, which has to be transported to the sites, at significant environmental cost.
In 2011, energy company Cuadrilla had to quickly suspend fracking operations in Lancashire, after two earthquakes measuring 1.5 and 2.2 struck the area. A study conducted after the incident concluded it was "highly probable" the fracking operations had triggered the earthquakes.
Understandably a number of prominent campaign groups such as 38 Degrees and Friends of the Earth are outraged by the proposal and are calling on the government to block any possible surveys or future fracking.
Putting aside for a moment the historical importance of the woodland, the forest itself is also home to countless wildlife, including rare bats and other protected species.
To avoid an incident like the one seen in Lancashire, 38 Degrees plan to battle the Sherwood Forest bid by gathering a 500,000 signature petition and submitting it to the Forestry Commission. The hope is that a public outcry of this magnitude will bring a stop to the Ineos proposal, protecting the wildlife and preserving the forest for future generations.
Further information regarding the 38 Degrees campaign and petition is available via their website.