“The commercialisation of that resource is undoubtedly going to take longer than anyone would have liked or probably would have anticipated at the beginning of it. “It may not be in the next 12 months, it might not even be in the next 24 months, but the value of it is still potentially very significant.” said Francis Egan.
Centrica is giving up its stake in Cuadrilla’s shale gas licence in the Fylde near Blackpool. News of the withdrawal came in a statement today from Cuadrilla’s Australian owners, the mining group AJ Lucas.
A study by the University of Stirling found that science was frequently ignored and the shale gas industry was very effective in influencing decision-making. It said “This had been to the detriment of public health, with vulnerable and disadvantaged communities at the greatest risk“
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).
Dunsfold residents have welcomed a county council vote to refuse plans to drill near their Surrey village. The surprise decision went against the advice of council planning officers.
Greens roll out the Hollywood big guns to help get Programme for Government over the . According to the Green Party, Ruffalo and US campaigners have praised the PfG and how Ireland would become the first country in the world to ban fracked gas imports.
Instead of powering Ireland from increased fracked gas imports, the PFG also states that Ireland will lead the world on renewable energy procuring at least 70% renewable electricity by 2030.
“For years, U.S. and Irish campaigners have worked together to achieve a ban on fracking in Ireland. Now the PFG is an opportunity for a monumental achievement for Ireland to become the first country in the world to ban fracked gas imports. This is crucial for our shared climate, as well as for the public health of Americans,” said Mark Ruffalo.
“I have been advocating for ten years with Americans who have been poisoned by fracking, many who live in the areas that would supply Ireland with fracked gas. I’m thankful that U.S. anti-fracking activists contacted Green Party leaders to support the Programme for Government and that I can lend my support in this critical moment. The result of this decision will impact the health and human rights of many Americans for decades to come.”
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.
“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.
The trial of 12 anti-fracking campaigners who parked a caravan in front of Cuadrilla’s shale gas site has been abandoned. The case had been expected to go to Preston Magistrates Court on Monday (22 June 2020), more than two years after the incident. But the Crown Prosecution Service wrote to the defendants yesterday to say that the charges in the case had been discontinued.
After weeks of behind the scenes negotiations, a leaked draft programme for the next Irish Government seeks to stop all proposed fracked gas imports, including the controversial Shannon LNG terminal.
“The commercialisation of that resource is undoubtedly going to take longer than anyone would have liked or probably would have anticipated at the beginning of it. “It may not be in the next 12 months, it might not even be in the next 24 months, but the value of it is still potentially very significant.” said Francis Egan.
