Cuadrilla’s Australian owner has condemned the reinstatement of the moratorium on fracking in England as a betrayal of the shale gas industry.
The Australian owner of the shale gas company, Cuadrilla, spent $1.107m in the UK in 2021 (about £655,000 at current rates), even though its licences were “on hold” because of the fracking moratorium.
Tax relief has pushed the shale gas company, Cuadrilla, into profit, company accounts have revealed.
Spirit Energy, which had planned to withdraw its stake in shale exploration in Lancashire, has changed its mind.
A government department has confirmed it has acted on a threat of legal action from the onshore shale gas industry over the moratorium on fracking.
The Australian owner of the fracking company, Cuadrilla, has blamed the UK government’s net zero policy for increasing energy prices.
Two years after the UK’s strongest fracking-induced earthquake, there’s no agreement on how to manage shale gas risks, an exploration company said today.
Cuadrilla and Third Energy have entered an agreement on gas appraisal plans in Ryedale, North Yorkshire.
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The Australian mining company that owns Cuadrilla is back in profit, partly thanks to benefits from the UK tax system.