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 cross-party group of Scottish politicians has called on the Scottish Parliament to end its investment in fossil fuels.
The anti-fracking network, Reclaim the Power, is focusing its opposition next week on companies that finance shale gas exploration.
2018 was a year of firsts for fracking and the campaigns against it, with successes and setbacks on both sides of the argument.
The exploration company, Rathlin Energy, owed nearly £34m, according to annual accounts published yesterday (7 November 2018).
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.
Investment by Egdon Resources in its oil site near Scunthorpe should be considered when deciding whether to extend planning permission, council planners will argue next week.
