Billions of pounds remain invested in fossil fuels through local government pension funds, even though three-quarters of councils have declared a climate emergency, a new report reveals.
The UK shale gas industry has upgraded production estimates by more than 70% following early results from two sites.
September 2018 is expected to see the first UK high volume hydraulic fracturing for seven years when Cuadrilla fracks its first horizontal well in Lancashire. Also this month decisions are due on oil and shale gas sites and protest injunctions.
Data released today suggests that UK councils have invested more than £9 billion from staff pension funds in fracking companies, despite opposition to the process.
The Weald-based exploration company, UK Oil and Gas Investments Plc, announced today it was considering raising funds.
The chief executive of one of Cuadrilla’s major investors resigned unexpectedly this week. Allan Campbell has led the Australian mining contractor, AJ Lucas, since 1995. The company has a 43.7% stake in Cuadrilla and a direct investment of 25 per cent in each of Cuadrilla’s operations in the […]