Business news from Ukraine

Business news from Ukraine

New British prime minister intends to return moratorium on hydrocarbon production by hydraulic fracturing

27 October , 2022  

British Prime Minister Rishi Sunak intends to return the moratorium on hydrocarbon production by hydraulic fracturing (HF) in England, writes the Financial Times newspaper.
The ban, in place since November 2019, was lifted by the Liz Truss government in September. Then Truss explained this decision by the fact that the energy security of the country should become an absolute priority.
Sunak, who spoke in the House of Commons on Wednesday, said he supported the Conservative Party’s 2019 public declaration saying fracturing in England would not be allowed “until science clearly shows it can be done safely.” “.
The UK has halted hydraulic fracturing after a series of tremors were recorded in the country’s only shale well near Blackpool in northwest England.

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