Despite the upbeat propaganda put out by the fracking companies and repeated by the mainstream media, UK frackers are in serious trouble. In response to a freedom of information request by independent journalist Russell Scott, the UK government has released papers that show that the industry is unable to secure …
Read More »Unprofitable fracking just became the only means of keeping Britain’s lights on
Britain just lost three quarters of its natural gas storage capacity, leaving it dependent upon gas imports from as far afield as Qatar and Russia. Centrica, the owner of the Rough storage site in the North Sea off the coast of Yorkshire has applied for permission to close the facility …
Read More »Cuadrilla responds to financial pressures
Just months Cuadrilla’s CEO Francis Egan raised questions about the profitability of UK fracking; he has taken an axe to the company’s finances. According to Jillian Ambrose in the Telegraph: “Cuadrilla has cut deep into its spending and reduced its workforce by a fifth to stem its mounting losses… “The …
Read More »