Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
Legal papers were submitted this morning in a challenge against the shale gas regulator about who should pay for decommissioning sites.
The government has no clear idea on how much it has spent supporting fracking, what the benefits would be and how much investment would be needed in future, the UK’s spending watchdog has revealed.
A campaigner from North Yorkshire is seeking to raise £10,000 to take the oil and gas regulator to court over who pays for decommissioning.
The government has confirmed that no guarantor is required to underwrite Third Energy’s commitments to frack one well a year in Ryedale, North Yorkshire, until 2022.
Owners of fracking sites may be liable for the clean-up if project backers go out of business, MPs said in a report published today.