“Largely non-operational” Cuadrilla profits from tax relief
Tax relief has pushed the shale gas company, Cuadrilla, into profit, company accounts have revealed.
Tax relief has pushed the shale gas company, Cuadrilla, into profit, company accounts have revealed.
The business secretary, Kwasi Kwarteng, has said he is preparing to consider the next steps on fracking.
Spirit Energy, which had planned to withdraw its stake in shale exploration in Lancashire, has changed its mind.
The housing minister, Stuart Andrew, has blocked two shale gas schemes in south Yorkshire and Cheshire. But has given the go-ahead for gas drilling in Surrey.
The Conservative MP heading the Net Zero Scrutiny Group has asked the government what would be needed to ease the controls on fracking.
An energy minister has rejected industry suggestions that it can produce fracked gas within 18 months.
The government has now missed its own deadline by two years for decisions on shale gas schemes in south Yorkshire and Cheshire.
A group of backbench Conservatives has urged the government to ease the planning laws on shale gas schemes.
The business secretary, Kwasi Kwarteng, has ordered a scientific review of the impact of fracking.
The oil and gas regulator has withdrawn its order requiring Cuadrilla to plug and abandon its two shale gas exploration wells at Preston New Road in Lancashire.