David Cameron’s government want to change the law so fracking companies can drill under your home without your permission!
But the plans can’t go through without MPs votes, so if we can get them to see how unpopular Cameron’s idea is, they’ll think twice before voting it through when the time comes.
The consultation is now open and can be found here! (The consulation questions are on page 32)
There is also an ‘official’ online survey which can be found here :-
You can respond in more detail via email at: email@example.com
And you could ask your MP to support this Early Day Motion :-
Greenpeace are running an online petition which we encourage you to sign and support!
Fracking trespass law changes opposed by 74% of British public
Queen’s speech: fracking to get boost from trespass law changes
Queen’s Speech: Infrastructure Bill allows frackers to drill under homes
Queen’s Speech: IoD calls for trespass laws to be scrapped for fracking
It seems that fracking continues to haemorrhage investor’s cash…
By my calculations $16 billion of write-offs definitely (those which could be substantiated through company reports); perhaps $25-$30 billion if you include the finance sector. A recent report from the Oxford Institute for Energy Studies (OIES) puts the figure at $35 billion. The OIES is not your average ‘bunch of greenies’ - they are hard headed energy economists.
See page 4 of their recent report - US shale gas and tight oil industry performance: challenges and opportunities, Ivan Sandrea, OIES Research Associate, Oxford Institute for Energy Studies, March 2014.
Since the shale boom began, related write-downs by several of the largest shale players are now approaching $35bn, suggesting that some of these plays will not meet original technical and business expectations. Most of these large write-downs have been made by foreign players but also by some US players too. If one adds all unconventional-related write-downs, from both US and non-US companies, made during the last 10 years, the figure of write-downs increases significantly.”
If you want to put $35,000,000,000 into perspective, there’s a list of recent US bailouts here.
(Original article by: Paul Mobbs)
Related articles: Is the U.S. Shale Boom Going Bust?
Other articles by Paul Mobbs: Behind every picture lies a story
Guardian: Write-down of two-thirds of US shale oil explodes fracking myth
Picture Link: Fracking Wells Abandoned in Boom/Bust Cycle. Who Will Pay to Cap Them?
A dozen groups met in Preston city centre to share information on forthcoming applications by Cuadrilla for multi-well frack sites in the Fylde, and a current application to extend their operations at the Banks site in West Lancashire. The Banks site, where Cuadrilla have previously broken planning conditions designed to protect wintering birds, is on the edge the wildlife-rich Ribble Estuary and in an important farming area.
The groups also launched the Lancashire Frack Free Alliance which aims to unite farmers, chefs, restaurants and consumers to protect the local food economy from a large-scale fracking industry.
The groups in attendance were Central Lancashire Friends of the Earth, Defend Lytham, Frack Free Fylde, Garstang Against Fracking, Lancaster Against Fracking, Longridge Against Fracking, Preston Greenpeace, Residents Action on Fylde Fracking, Ribble Estuary Against Fracking, Roseacre Awareness Group, Singleton Against a Fracked Environment, Southport Friends of the Earth
There was a good turn out to REAF’s informal drop-in event on Sunday 13th at St Stepehens Club on Hoole Lane. The event saw steady interest from local residents who wanted to find out more about Fracking and Commercial Shale Gas Development in the area. Visitors where treated to home made cake and tea or coffee and lively discussion and debate on a range of fracking related issues. There was also a plethora of information leaflets and flyers on hand to take away as well as petitions to sign.
But this wasn’t the only success of the day when a last minute collaboration paid off with members of Greenpeace visiting the village for a launch of their Wrongmove Campaign - both REAF and Greenpeace members then engaged with local residents on their doorsteps and those most staunchly opposed agreed to host estate agents style signs outside their properties creating a highly visible symbol of opposition around the village!
You can get involved by visiting this site http://www.wrongmove.org filling in your postcode and signing the petition. You can read more about the Greenpeace Campaign by visiting their blog here More pictures are available on our Facebook Gallery.
Related links :-