AJL owns 44% of Cuadrilla.cuadrilla 2 shale gas wells are the...

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Jardene

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07/09/22

23:56

Post #: 63576522
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Originally posted by Buffin: ↑

hxxps://www.mailplus.co.uk/edition/news/politics/218721

Extracts (free to register):

Liz Truss is to lift the ban on fracking ‘within days’ if she becomes prime minister as part of a new drive to boost the UK’s energy supplies.

Allies of the Foreign Secretary says she views the controversial technology as a priority in opening up new sources of domestic energy.

The Tory leadership frontrunner said there was a need to ‘radically boost our domestic supplies’, of energy, adding: ‘We will end the effective ban on extracting our huge reserves of shale gas by fracking but be led by science, setting out a plan to ensure communities benefit.

‘Fracking will only take place in areas with a clear public consensus behind it.’

A source close to the Truss campaign last night said lifting the ban would be an immediate priority if, as expected, she emerges as Britain’s new prime minister next week.

‘It will be one of the first things that gets done – it could be within the first few days,’ the source said.

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"‘The industry wants planning reforms and I think they will pushing against an open door,’ the source said.

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"IGas, one of five firms involved in the market in the UK, has told the Treasury that UK shale gas could begin entering the market within 12 to 18 months if the Government gets behind the sector.

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AJL owns 44% of Cuadrilla.
cuadrilla 2 shale gas wells are the only ones in the UK.
Expect massive price movement on gov support announcement.
jardene

AJL Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

1 Great analysis

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