Landowners warned over risks of hosting oil and gas sites
Landowners in North Yorkshire who lease sites to oil and gas companies have been warned they could be responsible for the costs of clean-up and restoration.
Landowners in North Yorkshire who lease sites to oil and gas companies have been warned they could be responsible for the costs of clean-up and restoration.
The Wressle oil field in North Lincolnshire earned Europa Oil & Gas £5.3m in the past year, the company reported this week.
The UK’s largest producing onshore oil producer lost more than £100m last year, according to company accounts.
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
The government is being urged to change the law to protect people whose property is damaged by fracking.
Initial assessments of damage caused by the UK’s largest fracking-induced earth tremor were made by staff from the Cuadrilla’s headquarters, not professional surveyors or insurance experts.
Landowners are demanding speedy action from the government about who should deal with the consequences if something goes wrong with fracking.
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