Cuadrilla back in the red, value of shale gas assets to be cut
Cuadrilla’s Australian owner is to cut the value of UK shale gas exploration assets, following the reinstatement of the moratorium on fracking in England last year.
Cuadrilla’s Australian owner is to cut the value of UK shale gas exploration assets, following the reinstatement of the moratorium on fracking in England last year.
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.
Members of the Frack-free Balcombe Residents Association delivered a letter to Downing Street (20/12/13), urging David Cameron to reconsider the government’s policy on fracking for shale gas. The letter, signed by the association’s chairman, Charles Metcalfe, calls for a an immediate and binding UK-wide moratorium on shale gas, coal […]