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Fracking pioneer Chesapeake becomes latest corporate casualty

Chesapeake Energy filed for bankruptcy protection from its creditors on Sunday after becoming overwhelmed by debts estimated to stand at $10bn (£8bn).

It was a trailblazer in its field – one of the pioneers of the fracking revolution that helped make the United States the world’s biggest oil and gas producer.

Today, though, Chesapeake Energy is merely the latest high-profile corporate casualty of coronavirus.

 

The company filed for bankruptcy protection from its creditors on Sunday after becoming overwhelmed by debts estimated to stand at $10bn (£8bn).

 
 

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Mark Ruffalo enlisted by Green Party in bid for government support

The pro-coalition wing of the Green Party has enlisted Hollywood actor Mark Ruffalo for a live seminar on Monday night, as part of its final push to win over the support of the membership for the programme for government.

Party leader Eamon Ryan and deputy leader Catherine Martin announced that Mr Ruffalo – would participate in a web livestream on Monday evening to discuss fracking and the programme for government.

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Britain calls time on AJ Lucas’ fracking venture Cuadrilla

The British government has declared that “fracking is over”, seemingly dashing the hopes of a restart for AJ Lucas’s embattled shale gas play Cuadrilla Resources. The comments from British Energy Minister Kwasi Kwarteng will be a particularly bitter pill for AJ Lucas, because it’s only four months since the ASX-listed mining services company doubled its stake in Cuadrilla to 93 per cent.

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Is Fracking over in the UK ?

“We had a moratorium on fracking last year and frankly the debate’s moved on. It is not something that we’re looking to do. “We’ve always said we’d be evidence-backed so if there was a time when the science evidence changed our minds we would be open to that. But for now, fracking is over.” Said Kwasi Kwarteng.

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