Secretary of State casts doubt on fracking finances

Responding to Business Minister Greg Clark’s written statement today regarding permission to frack in Kirby Misperton, North Yorkshire, Guy Shrubsole, Friends of the Earth campaigner, said:

“This is further confirmation of the shaky foundations that this industry is built on. Third Energy are again late filing their accounts and questions remain about their ability to restore their fracking site if it goes wrong, as well as their wider financial health. 

"Given also that one of their directors has just left, and another is the Carillion chief executive, this is not the company to inspire confidence. It’s time for Barclays to stop supporting this company, as they said they’d do at their AGM last year and, more significantly, it’s time government stopped backing this industry.”