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.