The Australian owner of shale gas company Cuadrilla has raised $19.7m (£11.79m) in a share placing.
The Australian owner of the fracking company, Cuadrilla, has blamed the UK government’s net zero policy for increasing energy prices.
A major cut in investment in the shale gas company, Cuadrilla, is likely in the coming months, its owner has predicted.
An Australian mining group has almost doubled its stake in the UK shale gas company, Cuadrilla Resources.
Cuadrilla’s Australian investor has said it continues to give the shale gas company its “full support” in the face of a moratorium on fracking announced two days ago.
The shale gas company, Cuadrilla, is to allow more fluid to come back to the surface after fracking, in an attempt to tackle the problem of earth tremors. It will also seek to raise the threshold on the magnitude of tremors at which fracking must stop.