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Rivestone bails out of UK fracking; sells its shares in Cuadrilla to A J Lucas.
Another investor has seen sense.
Nope.
High Volume Fracking in the UK is dead.
As a dodo.
And now the inspector deliberating on the North Yorkshire minerals plan says a 500 metre buffer zone is sound. Oh and today the latest government survey shows that 44% of people oppose fracking - the largest yet.
Meanwhile Ineos eye up PEDLs in America.
It may not be the end, but it is the beginning of the end.
Well that's it. At long last the government has understood and has declared
“a moratorium on fracking until compelling new evidence is provided”.
I thank you all for the last few years - for all the insults you threw at me. I'm off now.
Doesn't matter. Fracking is dead in the UK and the Conservatives know it.
Cuadrilla apologised today. From their statement:
"We would first like to acknowledge again that we are aware of the concern that this has caused, particularly among residents living close to the site in and around Blackpool. This event lasted for between two and three seconds and was felt by many in the locality. We are sorry for any concern this has caused. We are in the process of visiting local people who have raised concerns about minor damage to their property and will repair any damage that is assessed to have been caused by the seismic events."
In what way would you "frack me good and hard"?
A bit rude!
Luddites? We are told that fracking was originally developed in the 1860s. And solar photovoltaic technology was developed last century.
So us solar-loving fracking-haters are far from luddites.
Just checked with BGS. The only tremor of 2.0ML or greater within a 10km radius of PNR since records began was at Preese Hall in 2011. Cuadrillas' fracking.
So, in that area, NO naturally occurring tremors of 2.0Ml or greater.
None were induced by fracking until this week's. The point is that they are quite rare.
I am not saying it was caused by fracking (although I and most people suspect it was). The Oil & Gas Authority shut down the operations at Preston New Road - not me - so THEY see a link.
You ask: "And while your at it you might like to explain to us why you never complained about the hundreds of naturally occurring tremors and their effects prior to the advent of fracking?" I did - local to me - if they were induced by human activity. e.g one about a decade ago caused by mining a new coal seam.
Re your second question: "why would you get upset at the possibility of one or two being induced by fracking?".
My concern is if we get tremors of this size from fracking one well, we can multiply that by 4000 if, as has been predicted, we have 4000 wells. It dwarfs the 39 naturally occurring ones. Is that not rational thinking?
The 2.9ML tremor on Monday has now been classed as Intensity level 6. The BGS database lists 39 tremors at level 6 or more since 1900. The BGS said a level 6 tremor occurred in the UK approximately once every 10 years. The most recent level 6, in 2008, was at Market Rasen, in Lincolnshire. Four church spires were damaged and the bill for damage was £30m.
The pragmatic approach would to walk away from it.
Ooer! Over 40 Conservative MPs sign a manifesto that includes banning fracking.
"A green commie"?
Why do people on this forum so often resort to personal insults? It is very sad and, in my case, totally incorrect.
Did any of you watch the Attenborough programme last night? Is he a green commie? Are all the scientists green commies? No of course not. You label people incorrectly to try to make yourselves feel better.
The era of fossil fuel dominance is ending. Get used to it.
Yes I am a physics teacher.
Teggsy, As I sit in my "smelly swamp"? Oh dear.
I'm not against new ideas or progress or science - I am a science teacher.
But remember - not all innovations are good.
Carbon capture is a great idea but it will only sort out one symptom of the underlying problem. It's a painkiller. Better to cure the disease itself.
Our use of gas in the UK has been declining year on year for well over a decade. Even the crash in coal burning has not halted the fall in gas usage.
Yes the switch to renewable energy is vast and difficult, and there have been, and there will be, setbacks. But the era of fossil fuel burning is coming to an end. It is inevitable.
As Bank of England's Mark Carney says in an open letter today, "If some companies and industries fail to adjust to this new world, they will fail to exist."
Insulate the UK housing stock to reduce energy demand (and get millions of people out of fuel poverty), build carbon neutral new homes, install solar panels and energy storage everywhere, allow onshore wind and energy storage installations in England, small scale hydro electric, etc etc etc. Create a million well paid, sustainable climate jobs.
The Carbon Capture that does not yet work at scale? That's a great plan. Not.
Er… they are BEIS quotes. You know - BEIS the Department for Business, Energy and Industrial Strategy. Heard of them?
(durrrr)