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Fracking: UK chose to pay back £640,000 to fracking firms after shale gas ban

The UK authorities imposed a moratorium on shale fuel extraction in November 2019, leaving fracking companies that had paid licence charges out of pocket, however the nation’s oil and fuel regulator determined to refund them



Environment



25 March 2022

Shale gas drilling in Blackpool, UK in August 2017

Shale fuel drilling close to Blackpool, UK, in August 2017

MediaWorldImages/Alamy

The UK Treasury and the nation’s oil and fuel regulator selected to present fracking corporations a refund of £640,000 after the federal government banned shale fuel exploration in England, regardless of not being required to take action.

Exploratory fracking had already floor to a halt forward of a moratorium imposed in November 2019, as corporations struggled to function with out triggering minor earthquakes that alarmed native residents and compelled the companies to pause work.

But prime minister Boris Johnson has just lately requested ministers …

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