Residents in one part of Merseyside are concerned fracking plans just one mile away may still go ahead despite a government halt on the controversial process.
People living in Formby are worried about plans to frack for shale gas at Great Altcar – submitted by energy company Aurora – just a mile from the area and a few miles from Ainsdale, Hightown and Lydiate will cause ‘damage to their health’ and ‘cost jobs’.
Francis Egan, says “there’s masses of gas still down there in the Lancashire rocks, but all those pesky regulations and safeguards and ground tremor limits are stopping it from being displaced and brought to the surface.”
Private equity firm Riverstone has sold its stake in Cuadrilla, the UK’s only fracking firm, as the company remains thwarted by Government red tape.
The US firm has lost its patience with the nascent UK fracking industry, selling its 45% stake to Australian mining firm AJ Lucas, which was already Cuadrilla’s largest shareholder.
The value of the deal, which has seen AJ Lucas increase its stake to approximately 93%, has not been disclosed.
Cuadrilla said the remaining stake in the company is primarily owned by current and former employees.
IGas should not be allowed to dispose of radioactive wastewater in a well at its Singleton oil site in the South Downs, campaigners have argued.
The company has applied for an environmental permit to continue reinjecting fluid from sites across southern England. The waste contains naturally-occurring radioactive material, known as NORM.
The Weald Action Group has objected to IGas’s application, accusing the company of not providing enough information and underestimating risks.
ROSEACRE AWARENESS GROUP
Happy New Year to all our Supporters.
Below is the agenda for our AGM on 29th January. To give us some idea of numbers it would be helpful if you could please indicate that you are interested in attending by replying ‘Yes’ to this email. We look forward to seeing you there.
ANNUAL GENERAL MEETING
WEDNESDAY, 29TH JANUARY 2020
7.30.PM AT THE DERBY ARMS, TREALES
3. Chair’s Address
7. Any Other Business
A fracking protester’s sentence has been reduced by the court of appeal, which said greater leniency should be shown in convictions for non-violent civil disobedience.
Shareholders in most UK onshore oil and gas companies could be forgiven for looking forward to the end of 2019.
The year saw share price falls averaging a third across eight companies reviewed by DrillOrDrop.
Angus Energy, dubbed “Anguish Energy” by long-suffering shareholders, saw its share price collapse by 93% in 2019.
The new year looks set to be a pivotal one for fracking in the UK.
Despite fracking once again being halted in Lancashire amid concerns over earthquakes linked to the activity on Preston New Road, gas exploration firm Cuadrilla has not given up on its plans to keep drilling.
WITH THANKS TO RUTH AT DRILL OR DROP
FOR THIS EXCELLENT REVIEW