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.
Anti-fracking groups have welcomed confirmation from Downing Street that Rishi Sunak will reimpose the moratorium in England.