Cuadrilla owner raises new funds for UK fracking
The Australian owner of shale gas company Cuadrilla has raised $19.7m (£11.79m) in a share placing.
The Australian owner of shale gas company Cuadrilla has raised $19.7m (£11.79m) in a share placing.
Ineos Upstream, the company holding the largest number of shale gas licences in England, declared a loss of £3.679m in 2021. This was up more than 60% on the loss of £2.279m the year before.
Some politicians, campaign groups and residents have reacted with anger at the official lifting of the moratorium on fracking in England. But two leading shale gas companies have welcomed today’s announcement.
Conservative MPs in shale gas areas have reacted angrily to the announcement by Jacob Rees-Mogg, that the moratorium on fracking had been lifted.
Forecasting earthquakes caused by fracking is still “a scientific challenge”, the British Geological Survey (BGS) said in a report published today.
The UK government formally lifted the moratorium on fracking in England this morning.
DrillOrDrop is compiling reaction to the government’s announcement that it will lift the moratorium on fracking in England.
The prime minister has given the go-ahead to fracking in England.
Government advisors have told the new prime minister the UK can’t rely on shale gas to solve the cost-of-living crisis.
As the new prime minister takes office, one of the biggest immediate challenges will be the UK’s energy crisis, with soaring bills and the threat of rationing this winter. Some see onshore shale gas as part of the solution. But given shale’s record over the past decade, can […]