Yesterday, Britain’s fledgling shale gas industry was dealt another significant blow when three senior judges overturned a draconian injunction that had been granted to the company, INEOS, against anti-fracking campaigners.
One of Britain’s elite cycling teams has just announced that its new sponsor will be the UK’s richest man, petrochemical and fracking boss, Sir Jim Ratcliffe.
The UK’s fledgling fracking industry was dealt another significant nail in its coffin today when the High Court ruled that the current guidance from the Government on shale gas is “unlawful”.
“We are concerned for the safety of our residents and our dogs”
Two years into his Presidency, the fullblown cost of Donald Trump’s assault on human health, the environment and on science is becoming brutally and painfully clear.
Canadian Prime Minister Justin Trudeau has another crisis on his hands and once again his administration seems to be ciding with oil and gas. His political legacy is on the line once more.
The prospects for the shale industry are looking increasingly bleak this year as it haemorrhages investor cash, continues to experience widespread community resistance, especially in Europe, and fails to find adequate gas reserves.
As the UK’s fledgling shale industry lurches from crisis after crisis concerning public acceptability and causing repeated small earthquakes, the UK Government last month appointed what it termed an independent “Shale Gas Commissioner” whose job it is to listen to the concerns of local residents
As the fledgling UK fracking industry bleeds investors’ money in alarming quantities on a daily basis, plagued by ongoing issues of democratic accountability, seismic activity, financial viability and on-going legal challenges, it will find no comfort from looking across the pond.
In their belligerent and blinkered attempt to replicate the US shale boom in the UK, the fracking industry and Conservative Government cannot bury three immovable and inconvenient truths that treaten to kill off the industry, even before it has been shown to be commercially viable.