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.
The shale gas company, Cuadrilla Resources, has described itself as “largely non-operational” following the moratorium on fracking in England.
Senior figures from Cuadrilla’s backers in Australia and Hong Kong have been appointed to the company’s boards.
A major cut in investment in the shale gas company, Cuadrilla, is likely in the coming months, its owner has predicted.
Lancashire shale gas will take longer to exploit than expected but the potential value remains, Cuadrilla’s chief executive told an Australian business newspaper today.