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.
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FOR THIS EXCELLENT REVIEW
Probably the merriest fossil fuel stories of 2019 show the fracking industry on the verge of a meltdown.
Despite a raft of accounting gimmicks, the industry wasn’t able to hide the fact that it was drowning in red ink. By mid-year, Sightline’s Clark Williams-Derry reported that:
A cross-section of 29 fracking-focused oil and gas companies reported more than $2.5 billion in negative free cash flows in the first quarter of 2019. These results were even worse than in the fourth quarter of 2018…
From Paul Simmonds, St Lawrence:
Don’t be fooled by UKOG claims –it’s fracking by another name.
IW residents need to come together in solidarity to oppose UKOG’s intentions to extract oil and gas on the Island.
A council spokesperson states, “any planning application would be determined on its merits”. This is an outrage; there are no merits. It’s criminal that our council should consider any planning permission they clearly have no social responsibility or conscience.
UKOG claims, “there will be no fracking and no pollution. Don’t be fooled, they can’t be trusted as their well-kept secret doesn’t tell you they intend to use a process called chemical acidisation; which like fracking carries all the risks to our health and environment but even worse it uses a higher concentration of chemicals. Companies like UKOG want to use this process across Sussex, Surrey, Hampshire and the IW. It’s fracking by another name.
The threat is real and we cannot be complacent. Frack Free IW is doing a fantastic job in challenging this but the community needs to stand up and defend its rights to clean air and water, and protect our environment in the face of a climate change crisis.
DrillOrDrop has compiled election results from areas with oil and gas sites. We’ve also reviewed the results for key politicians in the fracking debate
Johnson looks set to prioritise “getting Brexit done” during his first few days within his new majority and while that will have huge ramifications for UK green policy, there are also a few other areas that the Prime Minister needs to address immediately in order to boost business confidence in delivering a net-zero economy by 2050.
So, what should be at the top of the Tories’ bulging in-tray of green policy issues?
Investors have ignored AJ Lucas’ latest attempt to raise money for its UK oil and gas exploration efforts.
“Fracking isn’t finished. It’s just taken an election holiday”.