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.
Government departments paid no compensation to UK shale gas companies over the restoration of the fracking moratorium, even though the industry warned of a multi-million pound court action.
The shale gas company, Cuadrilla Resources, has described itself as “largely non-operational” following the moratorium on fracking in England.
Some fracking for oil and gas could still go ahead, despite the government’s moratorium, a ministerial statement has indicated.
People living near Cuadrilla’s Lancashire fracking site have said there are “serious and fundamental errors” in the company’s interpretation of local geology.
Conservative-controlled Scarborough Borough Council declared a climate emergency this afternoon.
Cuadrilla, its supporters and opponents have made statements this afternoon following the decision by two contractors to stop working at the Preston New Road fracking site.
Thursday November 21 Duncan Clark, one of the authors of The Burning Question, talks about addiction to fossil fuels and how to give them up, at The Elephant and Castle pub, Lewes, from 7.30pm. Tickets from Anne ann@sharedenergy.org.uk Wednesday November 27 Lord Browne of Madingley, chair of Cuadrilla Resources, […]